Customs information reporting requires electronic furnishing of foreign exchange transaction details by banking companies to the designated authority. Electronic furnishing of information is required under section 108A of the Customs Act, 1962 by the persons specified in the table, in relation to the transactions of the nature described for each class of person, as recorded or received by them, to the designated receiving authority. For a banking company, the reportable material consists of details of foreign exchange transactions made or received by any person in accordance with Annexure-I, and the receiving authority is the Directorate of Revenue Intelligence.
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.
Customs information reporting requires electronic furnishing of foreign exchange transaction details by banking companies to the designated authority.
Electronic furnishing of information is required under section 108A of the Customs Act, 1962 by the persons specified in the table, in relation to the transactions of the nature described for each class of person, as recorded or received by them, to the designated receiving authority. For a banking company, the reportable material consists of details of foreign exchange transactions made or received by any person in accordance with Annexure-I, and the receiving authority is the Directorate of Revenue Intelligence.
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