Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Prohibition on export and import of foreign currency - as person ...


Adhering to regulations is essential for importing or exporting foreign currency; compliance is mandatory for all transactions.

October 11, 2013

Case Laws     FEMA     HC

Prohibition on export and import of foreign currency - as person as a matter of right, is not entitled to import or export in the manner as he wishes without complying with the provisions of the Regulations. - HC

View Source

 


 

You may also like:

  1. Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019

  2. Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

  3. RBI amended Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 to allow resident exporters to open, hold and...

  4. Calculation under export obligation - the export proceeds realized in any currency would be converted into USD and the term ‘any currency’ would refer to the foreign...

  5. CBIC updated rates of exchange for converting various foreign currencies into Indian currency (and vice versa), For Imported Goods and For Export Goods, effective from...

  6. Appellate Tribunal set aside penalties imposed on licensed money exchanger for alleged illegal export of currency and import of gold. Observed no evidence of illegal...

  7. DRI busted Foreign Currency Smuggling Racket involving Foreign Nationals; Foreign Currencies worth ₹ 6.14 crore seized

  8. This public notice amends Appendix 2Y of the Foreign Trade Policy 2023 to exempt goods imported under Advance Authorisation, EOU, and SEZ schemes from mandatory Quality...

  9. DGFT introduced new provisions in Chapter 4 of Handbook of Procedures 2023 establishing the Diamond Imprest Authorization (DIA) scheme. The scheme permits import and...

  10. Confiscation of the currency seized - validity of order for release on payment of redemption fine - The High court found that the seizure and confiscation of foreign...

  11. Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019

  12. Notification No. 24/2024 - Customs (N.T.), supersedes the previous Notification No. 18/2024-Customs(N.T.) and determines the rates of exchange of foreign currencies...

  13. The Directorate General of Foreign Trade, u/s 1.03 and 2.04 of the Foreign Trade Policy (FTP), 2023, has amended Appendix-2Y to exempt certain Ministries/Departments'...

  14. Jurisdiction of the Tribunal - Indian currency/Goods - Baggage Rules - The Tribunal analyzed the definitions of baggage and goods under the Customs Act and observed that...

  15. This trade notice clarifies the procedure for import/re-import of "Exhibits and Samples" for demo, display, exhibition, and participation in fairs or events in India or...

 

Quick Updates:Latest Updates