Currency import and export restrictions may be imposed case by case in public interest, with necessary conditions for movement. Regulation 10 authorises the Reserve Bank, in the public interest and after consultation with the Central Government, to restrict on a case-by-case basis ... Summary
Currency import and export restrictions may be imposed case by case in public interest, with necessary conditions for movement.
Regulation 10 authorises the Reserve Bank, in the public interest and after consultation with the Central Government, to restrict on a case-by-case basis the amount of Indian currency notes and foreign currency that a person may bring into or take outside India. The power operates notwithstanding other currency export and import provisions and includes authority to prescribe necessary conditions for the movement of currency.
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