Forex counter regulation allows exchange of Indian Rupee notes by residents and non-residents at international airport departure halls. Foreign exchange counters in international airports may accept exchange of Indian Rupee notes from residents as well as non-residents at departure halls in the Duty-Free Area or Security Hold Area beyond the Immigration or Customs desk. The instruction revises the existing framework governing money changing activities in airports and requires the Master Direction on Money Changing Activities to be amended accordingly.
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Provisions expressly mentioned in the judgment/order text.
Forex counter regulation allows exchange of Indian Rupee notes by residents and non-residents at international airport departure halls.
Foreign exchange counters in international airports may accept exchange of Indian Rupee notes from residents as well as non-residents at departure halls in the Duty-Free Area or Security Hold Area beyond the Immigration or Customs desk. The instruction revises the existing framework governing money changing activities in airports and requires the Master Direction on Money Changing Activities to be amended accordingly.
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