## Schedule II – Current Account Transactions Requiring Prior Approval of Specific Ministry / Department
Under FEMA (Current Account Transactions) Rules, Schedule II transactions require prior approval from the concerned Ministry/Department of the Government of India, not from RBI. These are sector-specific remittances where the relevant administrative ministry vets the purpose before forex is released.
### Mapping of Transactions to Approving Authority
| # | Nature of Remittance | Approval Required From |
|---|---|---|
| 1 | Remittance of freight of vessel chartered by a PSU | Ministry of Surface Transport (Chartering Wing) |
| 2 | Payment of import through ocean transport by a Government Department / PSU on CIF basis (i.e., not FOB) | Ministry of Surface Transport (Chartering Wing) |
| 3 | Remittance by Multi-Modal Transport Operator (MMTO) to its agent abroad (e.g., Blue Dart) | Registration certificate from Director General of Shipping (DGS) |
| 4 | Remittance of hiring charges of transponders for (a) TV channels, (b) Internet Service Providers | (a) Ministry of Information & Broadcasting; (b) Ministry of Communication & IT |
| 5 | Remittance of container detention charges exceeding the rates prescribed by DGS | Ministry of Surface Transport |
| 6 | Remittance of prize money / sponsorship of sports activity abroad exceeding USD 1,00,000 by a person other than International / National / State level sports body (e.g., IPL, NBA prize) | Ministry of HRD, Department of Youth Affairs & Sports |
| 7 | Remittance for membership of P&I Club | Ministry of Finance, Insurance Division |
### Key Distinction to Remember
- CIF imports by Govt/PSU → approval needed (because freight is paid in forex by Indian party).
- FOB imports → no Schedule II approval (foreign supplier arranges shipping).
- For sports sponsorship: threshold of USD 1,00,000 triggers the approval; recognised sports bodies (international/national/state) are exempt.