FOREIGN EXCHANGE MANAGEMENT (ENCASHMENT OF DRAFT, CHEQUE, INSTRUMENT AND PAYMENT OF INTEREST) RULES, 2000. - Foreign Exchange Management (Encashment of Draft, Cheque, Instrument And Payment of Interest) Rules, 2000.
FOREIGN EXCHANGE MANAGEMENT (ENCASHMENT OF DRAFT, CHEQUE, INSTRUMENT AND PAYMENT OF INTEREST) RULES, 2000. - Foreign Exchange Management (Encashment of Draft, Cheque, Instrument And Payment of Interest) Rules, 2000.
Encashment of instruments: proceeds must be promptly realised and credited to a separate enforcement account net of commission. The Reserve Bank or an authorised person must promptly encash drafts, cheques or other instruments and credit the realised proceeds, less commission and ... Summary
Encashment of instruments: proceeds must be promptly realised and credited to a separate enforcement account net of commission.
The Reserve Bank or an authorised person must promptly encash drafts, cheques or other instruments and credit the realised proceeds, less commission and expenses incurred for encashment, to a separate account maintained for enforcement purposes.
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