Declaration requirement for capital account transactions: sellers and purchasers must furnish timely forms to Reserve Bank. Every person selling or drawing foreign exchange to or from an authorised person for a capital account transaction must furnish a declaration to the Reserve Bank in the form and within the time specified by the relevant regulations under the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000.
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Provisions expressly mentioned in the judgment/order text.
Declaration requirement for capital account transactions: sellers and purchasers must furnish timely forms to Reserve Bank.
Every person selling or drawing foreign exchange to or from an authorised person for a capital account transaction must furnish a declaration to the Reserve Bank in the form and within the time specified by the relevant regulations under the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000.
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