Central Government prescribes the mandatory threshold of the aggregate value of Foreign Exchange, Foreign Security or any immovable property, situated outside India as not less than rupees one crore - F. No. A-12011/02/2014-Ad.ED - Foreign Exchange Management

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16 th September, 2015 G.S.R. 701(E).- In exercise of the powers conferred by the proviso to sub-section (1) of Section 37A of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby prescribes the mandatory threshold of the aggregate value of Foreign Exchange, Foreign Security or any immovable property, situated outside India as not less than rupees one crore. [F. No. A-12011/02/2014-Ad.ED] SANTOSH KUMAR, Under Secy.