Foreign Exchange Management Act, 1999 - Current Account Transactions - Use of International Credit Cards abroad

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..... nge Management Act, 1999 - Current Account Transactions - Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account Transactions) Rules, 2000, as amended vide Notification No.S.O.301(E) dated 30th March 2001, in terms of which drawal o .....

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..... ICCs under Foreign Exchange Management Act, 1999, the restriction on the use of ICCs for purchase of prohibited items, like lottery tickets, banned or proscribed magazines, participation in sweep-stakes, payment for call-back services, etc., would continue. 3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. 4. The directions contained i .....

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..... sary in the public interest, makes the following amendments in the Foreign Exchange Management (Current Account Transactions) Rules, 2000, namely :- 1. Short title and commencement - (1) These rules may be called the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2003. (2) They shall come into force from the date of their publication in the Official Gazette. .....

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