Foreign exchange definitions clarify authorised dealers, money changers and instruments for travel-related foreign exchange conservation tax. This Chapter defines key terms for the Foreign Exchange Conservation (Travel) Tax: an 'authorised dealer' and a 'money changer' as persons authorised under the Foreign Exchange Regulation Act, 1973 to deal in foreign exchange or foreign currency; 'dealing' as purchasing or selling foreign currency; 'foreign currency' as any currency other than Indian currency; and foreign exchange to include foreign currency and related instruments. 'Foreign travel' covers travel wholly or partly outside India, and undefined words take meanings from the Foreign Exchange Regulation Act, 1973.
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.
Foreign exchange definitions clarify authorised dealers, money changers and instruments for travel-related foreign exchange conservation tax.
This Chapter defines key terms for the Foreign Exchange Conservation (Travel) Tax: an "authorised dealer" and a "money changer" as persons authorised under the Foreign Exchange Regulation Act, 1973 to deal in foreign exchange or foreign currency; "dealing" as purchasing or selling foreign currency; "foreign currency" as any currency other than Indian currency; and foreign exchange to include foreign currency and related instruments. "Foreign travel" covers travel wholly or partly outside India, and undefined words take meanings from the Foreign Exchange Regulation Act, 1973.
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