Reserve Bank authority to restrict currency movement can limit and condition bringing currency into or out of India. The regulation vests the Reserve Bank with authority to restrict, in the public interest and after consultation with the Central Government, the amount of Indian currency notes and/or foreign currency that a person may bring into or take out of India and to prescribe such conditions as it may deem necessary governing carriage, import or export of currency.
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.
Reserve Bank authority to restrict currency movement can limit and condition bringing currency into or out of India.
The regulation vests the Reserve Bank with authority to restrict, in the public interest and after consultation with the Central Government, the amount of Indian currency notes and/or foreign currency that a person may bring into or take out of India and to prescribe such conditions as it may deem necessary governing carriage, import or export of currency.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
