Project export receipts/payments allowed with authorised dealer oversight; surplus funds may be placed in short-term foreign instruments. Authorised Dealers may permit receipts and payments under genuine project export contracts and must monitor deployment; project exporters may invest temporary cash surplus generated outside India in short-term instruments with maturity of one year or less, including treasury bills and deposits outside India.
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.
Project export receipts/payments allowed with authorised dealer oversight; surplus funds may be placed in short-term foreign instruments.
Authorised Dealers may permit receipts and payments under genuine project export contracts and must monitor deployment; project exporters may invest temporary cash surplus generated outside India in short-term instruments with maturity of one year or less, including treasury bills and deposits outside India.
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