Challenge to the RBI (FEMA) circular - validity and legality - ...

Case Laws FEMA

February 16, 2016

Challenge to the RBI (FEMA) circular - validity and legality - Policy in relation to import of Gold - there is no basis for the complaint that it lacks jurisdiction or authority to regulate the dealings in foreign exchange. In the instant case, the Reserve Bank of India is doing precisely this and, therefore, it neither interferes nor takes over the powers of the competent authority either under the Act of 1992 or the Customs Act, 1962 - HC

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Challenge to the RBI (FEMA) circular - validity and legality - ...

Case Laws FEMA

February 16, 2016

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