FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
Merely because payment is received in Indian rupee, it cannot be said that payment against export has not been received in convertible foreign exchange.
Merely because payment is received in Indian rupee, it cannot be said that payment against export has not been received in convertible foreign exchange.
Note: It is a system-generated summary and is for quick reference only.