Import of gold and silver: advance remittances through authorised dealers are prohibited except as provided by law. Regulation 11 prohibits advance remittances for the import of gold and silver by an Authorised Dealer, except where expressly permitted by the Act, Rules, Regulations or Directions, creating an obligation on Authorised Dealers to refuse such advance outward remittances unless a statutory or regulatory exception applies.
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.
Import of gold and silver: advance remittances through authorised dealers are prohibited except as provided by law.
Regulation 11 prohibits advance remittances for the import of gold and silver by an Authorised Dealer, except where expressly permitted by the Act, Rules, Regulations or Directions, creating an obligation on Authorised Dealers to refuse such advance outward remittances unless a statutory or regulatory exception applies.
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