Cross-border transfer of compensation money is regulated through certified memoranda, authorised transmission, reporting, and return of unspent balances. Rules are prescribed for transferring compensation money to other countries, including deduction of transmission costs, preparation and certification of a ... Summary
Cross-border transfer of compensation money is regulated through certified memoranda, authorised transmission, reporting, and return of unspent balances.
Rules are prescribed for transferring compensation money to other countries, including deduction of transmission costs, preparation and certification of a memorandum, forwarding through the Authorised Officer, safe transmission to the receiving authority, reports on action taken, disposal of received sums in accordance with the Code, and return of any un-disbursed balance to the transferring authority.
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