# Current Account Transactions — Schedule I: Drawal of Foreign Exchange is Prohibited
FEM (Current Account Transactions) Rules, 2000 — Section 5 of FEMA
Schedule I lists the CUATs for which drawal of foreign exchange is prohibited outright. No authority can permit these.
## The Schedule I List
1. Remittance for purchasing banned items, e.g., banned magazines, lottery tickets, football pools, sweepstakes, etc.
2. Remittance out of lottery winnings, income from racing/riding, or any other hobby.
3. Remittance of dividend by a company to which the dividend balancing requirement is applicable.
4. Remittance of interest income on funds held in a Non-resident Special Rupee Scheme account.
5. Payment of commission on exports made towards:
- Equity investment in a Joint Venture or Wholly Owned Subsidiary abroad of Indian companies, OR
- Rupee State Credit Route
- Exception: Commission up to 10% of invoice value for export of tea and tobacco is permitted.
6. Payments related to "call back services" of telephones.
7. Drawal for a private visit to Nepal or Bhutan.
## Important Note — What is "Export"?
For FEMA purposes, export means:
- Taking any goods to a place outside India, OR
- Making provision of services to any person outside India.
## Quick Memory Map
| Theme | Prohibition |
|---|---|
| Gambling-related | Lottery tickets, football pools, sweepstakes, remitting lottery winnings |
| Specific channels | Dividend (where balancing applies), interest on Non-resident Special Rupee Scheme funds |
| Cross-border commissions | Commission on JV/WOS equity exports, Rupee State Credit Route (tea/tobacco upto 10% allowed) |
| Telephony | Call-back services payments |
| Neighbouring states | Private visits to Nepal/Bhutan |
> Mnemonic: "Lottery, Hobby, Dividend-balancing, Special Rupee, Commission, Call-back, Nepal/Bhutan" — the 7 prohibited remittances.