Payment of instrument proceeds may be directed when drafts or cheques are irrelevant to foreign-exchange proceedings. Payment of proceeds of drafts, cheques and other instruments may be directed when an instrument is found irrelevant to a foreign-exchange investigation, ... Summary
Payment of instrument proceeds may be directed when drafts or cheques are irrelevant to foreign-exchange proceedings.
Payment of proceeds of drafts, cheques and other instruments may be directed when an instrument is found irrelevant to a foreign-exchange investigation, adjudication or appeal. The Investigating Officer or Adjudicating Authority may specify the recipient during investigation or adjudication. In appeal proceedings, the Special Director (Appeals), Appellate Tribunal or High Court may identify the person entitled to receive the proceeds.
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