Permission to purchase foreign exchange at post offices allowed via postal or money orders, requiring banks to inform constituents. A general permission permits any person to buy foreign exchange from post offices in India by means of postal orders or money orders; the Notification supersedes the earlier instrument and is effective from the date of notification. Authorised Dealer Category I banks are to inform their constituents. The directions are issued under statutory foreign exchange powers and are without prejudice to other legal permissions or approvals.
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.
Permission to purchase foreign exchange at post offices allowed via postal or money orders, requiring banks to inform constituents.
A general permission permits any person to buy foreign exchange from post offices in India by means of postal orders or money orders; the Notification supersedes the earlier instrument and is effective from the date of notification. Authorised Dealer Category I banks are to inform their constituents. The directions are issued under statutory foreign exchange powers and are without prejudice to other legal permissions or approvals.
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