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        FEMA

        Regulation 7 - Exemption

        Foreign Exchange Management (Realisation, Repatriation And Surrender of Foreign Exchange) Regulations, 2000

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        Exemption of Nepal and Bhutan currency from foreign exchange regulations removes those currencies from regulatory scope. Regulation 7 provides a categorical exemption excluding foreign exchange in the form of the currency of Nepal or the currency of Bhutan from the scope of the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000.
                          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.

                              Exemption of Nepal and Bhutan currency from foreign exchange regulations removes those currencies from regulatory scope.

                              Regulation 7 provides a categorical exemption excluding foreign exchange in the form of the currency of Nepal or the currency of Bhutan from the scope of the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000.


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