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Import of currency notes permitted for authorised dealers without separate central bank clearance; customs must allow normal imports. Authorised dealers may import currency notes from their overseas branches/correspondents to meet normal banking requirements under the general permission retained from the Exchange Control Manual/FEMA; customs should not insist on separate Reserve Bank clearance and any implementation difficulties should be reported to the Board.
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Provisions expressly mentioned in the judgment/order text.
Import of currency notes permitted for authorised dealers without separate central bank clearance; customs must allow normal imports.
Authorised dealers may import currency notes from their overseas branches/correspondents to meet normal banking requirements under the general permission retained from the Exchange Control Manual/FEMA; customs should not insist on separate Reserve Bank clearance and any implementation difficulties should be reported to the Board.
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