Foreign exchange travel tax imposed on foreign exchange released for travel; collection by authorised dealers under prescribed rules. A Foreign Exchange Conservation (Travel) Tax is levied on all foreign exchange released for foreign travel by any person, calculated as a percentage of the rupee equivalent of the amount released. The tax must be collected by the authorised dealer or money changer in accordance with rules under the Chapter and paid to the credit of the Central Government.
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 travel tax imposed on foreign exchange released for travel; collection by authorised dealers under prescribed rules.
A Foreign Exchange Conservation (Travel) Tax is levied on all foreign exchange released for foreign travel by any person, calculated as a percentage of the rupee equivalent of the amount released. The tax must be collected by the authorised dealer or money changer in accordance with rules under the Chapter and paid to the credit of the Central Government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
