Currency definition expands to include debit and ATM cards and instruments creating financial liability under foreign exchange rules. The statutory definition of currency is amended to include debit cards, ATM cards and any other instrument capable of creating a financial liability, thereby placing such payment instruments within the scope of foreign exchange regulation; the amendment supersedes the earlier notification and is effective from the notified date.
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Provisions expressly mentioned in the judgment/order text.
Currency definition expands to include debit and ATM cards and instruments creating financial liability under foreign exchange rules.
The statutory definition of currency is amended to include debit cards, ATM cards and any other instrument capable of creating a financial liability, thereby placing such payment instruments within the scope of foreign exchange regulation; the amendment supersedes the earlier notification and is effective from the notified date.
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