Call back services Fema 1999

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Student
8 Points Posted on 14 December 2021
What is the purpose of prohibition of drawel of foreign exchange for payment in relation of call back services of telephones??
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On 14 December 2021 at 14:20 Report
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This discussion explores the purpose behind the prohibition of foreign exchange drawal for telephone call back services under FEMA 1999. It highlights concerns about substantial Hawala transfers facilitated by call back billing due to a lack of audit trails, questioning why such an audit trail is absent.

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ca
603 Points Posted on 14 December 2021
Huge amounts in Hawala were transferred through call back Billings as there is no audit trail.
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On 14 December 2021 at 16:57
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Student
8 Points Posted on 14 December 2021
Can you explain why there is no audit trail?
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On 14 December 2021 at 22:30

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