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Foreign exchange reporting: Submission of low value A1/A2 forms discontinued, altering authorised dealers' R return obligations effective immediately. Submission of A1 and A2 forms with R Returns for payments below the equivalent of Rs.5,00,000 for all types of foreign exchange transactions may be discontinued; authorised dealers are to submit R Returns in the revised manner for the fortnight ending August 31, 2002 onwards. The directions are issued under the Foreign Exchange Management Act, 1999, under Section 10(4) and Section 11(1).
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange reporting: Submission of low value A1/A2 forms discontinued, altering authorised dealers' R return obligations effective immediately.
Submission of A1 and A2 forms with R Returns for payments below the equivalent of Rs.5,00,000 for all types of foreign exchange transactions may be discontinued; authorised dealers are to submit R Returns in the revised manner for the fortnight ending August 31, 2002 onwards. The directions are issued under the Foreign Exchange Management Act, 1999, under Section 10(4) and Section 11(1).
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