Mr. G., an Indian national desires to obtain Foreign Exchange on current account transactions for the following purposes:
a)Payment of commission on exports made towards equity investment in a wholly owned subsidiary abroad of an Indian Company.
b)Remittance of hiring charges of the transponder by TV channels
Advise G whether he can obtain Foreign Exchange and, if so, under what conditions.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Under Section 5 of the Foreign Exchange ... View the full answer