Interpretive framework under currency export and import regulations applies statutory definitions where regulatory terms remain undefined. Regulation 2 establishes the interpretive framework for the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. It defines ... Summary
Interpretive framework under currency export and import regulations applies statutory definitions where regulatory terms remain undefined.
Regulation 2 establishes the interpretive framework for the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. It defines "Act" as the Foreign Exchange Management Act, 1999, and provides that terms or expressions not defined in these regulations but defined in that Act carry their statutory meanings.
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