alleryStart learning →FEMA s.3(b) restricts making any payment to or for the credit of a person who is
AAn exporter in India
BAn authorised dealer
CResident outside India
DA money changer
Answer & Solution
Correct answer: C. Resident outside India
Clause (b) of s.3 prohibits, without permission, any payment to or for the credit of a person resident outside India.
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