Surrender of realised foreign exchange: non-individual residents must sell specified receipts within seven or ninety days. Non-individual residents must sell realised foreign exchange to an authorised person under clause (a) of sub regulation (1) of regulation 4: amounts received as remuneration, settlement of obligations, income on external assets, inheritance, settlement or gift must be sold within seven days of receipt; all other realised foreign exchange must be sold within ninety days of receipt.
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.
Surrender of realised foreign exchange: non-individual residents must sell specified receipts within seven or ninety days.
Non-individual residents must sell realised foreign exchange to an authorised person under clause (a) of sub regulation (1) of regulation 4: amounts received as remuneration, settlement of obligations, income on external assets, inheritance, settlement or gift must be sold within seven days of receipt; all other realised foreign exchange must be sold within ninety days of receipt.
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