Crystallisation of foreign currency deposits converts inoperative foreign currency account balances into Indian Rupees under specified regulatory definitions. Defines Crystallisation as conversion of credit balances in inoperative foreign currency denominated deposits to Indian Rupee; 'Deposit' includes account balances with an Authorised Bank; 'Authorised Bank' and 'Authorised Dealer' are specified by reference to their roles under the Act; 'Act' means the Foreign Exchange Management Act, 1999.
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Provisions expressly mentioned in the judgment/order text.
Crystallisation of foreign currency deposits converts inoperative foreign currency account balances into Indian Rupees under specified regulatory definitions.
Defines Crystallisation as conversion of credit balances in inoperative foreign currency denominated deposits to Indian Rupee; "Deposit" includes account balances with an Authorised Bank; "Authorised Bank" and "Authorised Dealer" are specified by reference to their roles under the Act; "Act" means the Foreign Exchange Management Act, 1999.
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