Current account transaction rules establish the regulatory framework and prescribe when the framework takes legal effect. Foreign Exchange Management (Current Account Transactions) Rules, 2000 establish a regulatory framework for current account transactions under the Foreign ... Summary
Current account transaction rules establish the regulatory framework and prescribe when the framework takes legal effect.
Foreign Exchange Management (Current Account Transactions) Rules, 2000 establish a regulatory framework for current account transactions under the Foreign Exchange Management Act, 1999. Made by the Central Government under statutory rule-making powers after consultation with the Reserve Bank and a public-interest determination, the rules form delegated legislation governing foreign exchange regulation of current account transactions. They are expressly brought into operation from 1 June 2000.
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