Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Non-resident Singapore firm's software licensing...     TaxTMI    EOUs face automated Import Rules from 17.09.2024 -...     TaxTMI    Steel Extending validity of customs valuation rules...     TaxTMI    Relaxations for employee benefit trusts, aligned...     TaxTMI    New SEBI circular relaxes rules for REITs, enables...     TaxTMI    Phased rollout of quality standards for low-voltage...     TaxTMI    Virtual Hearings Mandatory: CBIC Reinstates Video...     TaxTMI    Apex Court upholds validity of extension of GST...     TaxTMI    Builders wrongly claimed before Appellate Tribunal...     TaxTMI    Deductions, expense allocation & miscellaneous...     TaxTMI    Foreign airline's code-sharing income from India...     TaxTMI    Reopening of assessment after 4 years and addition...     TaxTMI    Trade officials wrongly denied export benefits due...     TaxTMI    License Revoked Without Proper Notice 's license...     TaxTMI    Settling shareholder feud, ensuring company...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

In case a person attempted to export Indian currency outside ...

Case Laws     Customs

August 8, 2014

In case a person attempted to export Indian currency outside India without permission of RBI more than the prescribed limit, in that case the Indian currency can be absolutely confiscated - same can be allowed to redeem on payment of redemption fine and imposition of penalty - AT

View Source

 

← Previous Next →

 

You may also like:

  1. Permission to a person resident outside India to enter into exchange traded currency derivatives

  2. Government allowed export benefit to Bhutan in Indian Currency under Central Excise Law.

  3. The High Court upheld the Tribunal's decision regarding the allowability of expenses incurred for garnering FCNR deposits to be maintained at the assessee bank's Indian...

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

  5. Charitable trust provided educational grants to Indian students for pursuing higher education abroad. The issue pertained to whether such grants constituted "application...

  6. The ITAT Mumbai ruled on TDS u/s 195 regarding commission paid to foreign agents for procuring export orders. The assessee paid commission to non-resident agents outside...

  7. Prohibited activities for investment by a person resident outside India - FDI - FEMA - New Regulations

  8. Investment in Depository receipts by a person resident outside India - FEMA - New Regulations

  9. Investment by a person resident outside India in an Investment Vehicle - FEMA - New Regulations

  10. Export of services - various issues - provided outside India - Delivered Outside India - Services rendered in India - Used in India etc. - AT

  11. Confiscation of export of prohibited goods - A plain reading of section 113(d) shows that ‘any goods attempted to be exported or brought within the limits of any customs...

  12. TDS u/s 195 not deducted on payment to Everest Global Inc. for software training services as source of income located outside India and payment made for services outside...

  13. Assessee was liable to TDS u/s 195 while making payment thereof, since the export activities have been fulfilled in India, source of income was located in India and not...

  14. The commission has been paid to non-resident outside India for services rendered outside India - where the non-resident agent operates outside India, no part of his...

  15. BAS - export of services or not - the sale of the products and services manufactured or provided by the Foreign Company have been made by the assessee to the Indian...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
A: NON-SUBMISSION OF FORM 15G/15H TO THE COMMISSIONER FOR TDS UNDER SECTI...
A: UNDERSTANDING AMNESTY FOR WAIVER OF INTEREST / PENALTY U/S 128A OF GST...
A: Department cannot pass an order on the dated personal hearing
A: How to register a Company in India: A Step-by-Step Guide for 2024
C: Clarifications on the applicability of concessional duty under IGCR Ru...
C: Withdrawal of Master Circular on issuance of No Objection Certificate ...
C: Mandatory additional qualifiers in import declarations in respect of c...
C: Implementation of automation in the Customs (Import of Goods at Conces...
N: Securities and Exchange Board of India (Bankers to an Issue) (Amendmen...
N: Securities and Exchange Board of India (Buy-Back of Securities) (Secon...
H: Excess Input Tax Credit penalty appeal dismissed due to delay; court a...
H: Chit Funds Commission Not Subject to GST: High Court Quashes Notice.
H: Taxability of Additional Surcharge by Electricity Distribution Company...
H: Transport agency's bundled services disqualify it from GST exemption f...
H: Compensation for surrendering intellectual property rights treated as ...
H: Cooperative society eligible for tax deduction on interest from cooper...
H: Taxman overreached by turning limited scrutiny into wide-ranging probe...
H: TDS credit limited to income in return, excess related to past years' ...
H: Genuine anonymous donations not taxable. Grants not income if utilized...
H: Property investment source verification not valid grounds for reopenin...
H: Income Tax Assessment Notice Issued by Non-Jurisdictional Officer Quas...
H: Foreign tech firm wins case: No permanent establishment or royalty tax...
H: Simplified taxation for non-resident shipping biz: 7.5% presumptive in...
H: Freight charges paid to foreign shipping co. not taxable royalty or ch...
H: Software License & ICT Service Fees Taxability Re-examined - Royalty o...
F: INTERMEDIARY SERVICES OR EXPORT SERVICES
F: assessment order
F: Transfer of ITC without filing ITC-02
A: Electronic Liability Register
A: From Inception to Exit- A Complete Guide to LLP Registration, Closure,...