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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Foreign Currency Regulations Define Physical Possession and Interpretation Rules Under FEMA 1999 Statutory Framework</h1> The definitional provisions for the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015. It defines key terms including the reference Act as the Foreign Exchange Management Act, 1999, and clarifies that 'possession' or 'retention' specifically means physical possession. Undefined terms are to be interpreted according to meanings assigned in the primary Act.