Export definition clarifies inclusion of software and electronic transmission; other definitions set regulatory scope and compliance. Regulation 2 provides definitions that frame the Regulations' scope: the Act is the Foreign Exchange Management Act; an authorised dealer is as authorised under the Act and includes factors; institutional and ancillary terms are prescribed. The export definition covers movement of goods by land, sea or air by sale, consignment, lease, hire purchase or other arrangements and, for software, includes transmission by electronic media. Export value includes charges under lease or hire purchase; form, schedule and specified authority are also defined to support regulatory filing obligations.
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Provisions expressly mentioned in the judgment/order text.
Export definition clarifies inclusion of software and electronic transmission; other definitions set regulatory scope and compliance.
Regulation 2 provides definitions that frame the Regulations' scope: the Act is the Foreign Exchange Management Act; an authorised dealer is as authorised under the Act and includes factors; institutional and ancillary terms are prescribed. The export definition covers movement of goods by land, sea or air by sale, consignment, lease, hire purchase or other arrangements and, for software, includes transmission by electronic media. Export value includes charges under lease or hire purchase; form, schedule and specified authority are also defined to support regulatory filing obligations.
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