Offshore Banking Unit foreign exchange transactions with Special Economic Zone units permitted subject to eligibility, ceilings and regulatory conditions. An Offshore Banking Unit may undertake foreign exchange transactions with a unit located in a Special Economic Zone only to the extent that the SEZ unit is eligible to enter into such transactions, and such dealings are confined to the ceilings and subject to the conditions prescribed in the governing regulations.
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.
Offshore Banking Unit foreign exchange transactions with Special Economic Zone units permitted subject to eligibility, ceilings and regulatory conditions.
An Offshore Banking Unit may undertake foreign exchange transactions with a unit located in a Special Economic Zone only to the extent that the SEZ unit is eligible to enter into such transactions, and such dealings are confined to the ceilings and subject to the conditions prescribed in the governing regulations.
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