Question
Examine with reference to the Provisions of the Foreign Exchange Management Act, 1999, and the rules made thereunder whether the foreign exchange can be drawn
Examine with reference to the Provisions of the Foreign Exchange Management Act, 1999, and the rules made thereunder whether the foreign exchange can be drawn for the following purposes:
Mr. Gopal, a cine artist in India proposes to organize a cultural program in Dubai and requires to draw foreign exchange of US $ 1,00,000 for this purpose.
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