Definition of surrender in foreign exchange regulations clarifies sale of foreign exchange for rupees under the Act. Definitions in the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015 specify that Act means the Foreign Exchange Management Act, 1999; Authorised Dealer means a person authorised under Section 10(1) of the Act; Foreign exchange due means an amount a person has a right to receive or claim in foreign exchange; and Surrender means selling foreign exchange to an authorised person in India in exchange for rupees. Undefined terms take their meanings from the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definition of surrender in foreign exchange regulations clarifies sale of foreign exchange for rupees under the Act.
Definitions in the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015 specify that Act means the Foreign Exchange Management Act, 1999; Authorised Dealer means a person authorised under Section 10(1) of the Act; Foreign exchange due means an amount a person has a right to receive or claim in foreign exchange; and Surrender means selling foreign exchange to an authorised person in India in exchange for rupees. Undefined terms take their meanings from the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
