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But Also see the Guideline on the same page Question No. 30: Q. 30. What are the prohibited items under the Scheme? Ans. The remittance facility under the Scheme is not available for the following: i) Remittance for any purpose specifically prohibited under Schedule-I (like purchase of...

It's not about escaping Indian laws. If Indian govt. allows to trade forex in all currencies traders will be very happy to pay tax as well. But a big opportunity is there and Indian residents are not allowed is not fare.