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The following transactions are prohibited in terms of Rule 3:
Prohibited Transactions
  1. Remittance of income from racing or riding etc.
  2. Remittance out of lottery winnings.
  3. Payment of commission on exports under rupee state credit route, except commission up to 10% of invoice value of exports of tea and tobacco.
  4. Remittances for purchase of lottery tickets, banned or prescribed magazines, football pools, sweepstakes, etc.
  5. Payment related to ‘call back services’ of telephones.
  6. Payment of commission on exports made towards equity investment in joint ventures or wholly owned subsidiaries abroad of India companies.
  7. Remittance of interest income on funds held in non-resident special rupee (account) scheme.
  8. Remittance of dividend by any company to which the requirement of dividend balancing is applicable.

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