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FEMA - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Offence under FEMA - transaction in foreign exchange - the ...


Varanasi Branch Penalized for Unauthorized Forex Transactions, Violating Foreign Exchange Management Act (FEMA) Regulations.

March 16, 2019

Case Laws     FEMA     AT

Offence under FEMA - transaction in foreign exchange - the Varanasi branch was not authorised for such dealings but nevertheless they undertook the same. - Liability of penalty confirmed.

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