Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Amendment inserts a mandatory Currency Declaration Form (CDF) annex to the Export and Import of Currency Regulations, requiring passengers to declare aggregate foreign exchange on arrival; exemption applies where aggregate foreign exchange does not exceed US$10,000 or foreign currency notes do not exceed US$5,000. The CDF must be produced to authorised banks or money changers when converting foreign exchange and retained for customs production on departure if unencashed. Details of travellers' cheques or currency denominations need not be furnished; foreign tourists need not provide an address. Issued by RBI as an amendment to the Principal Regulations.
Amendment inserts a mandatory Currency Declaration Form (CDF) annex to the Export and Import of Currency Regulations, requiring passengers to declare aggregate foreign exchange on arrival; exemption applies where aggregate foreign exchange does not exceed US$10,000 or foreign currency notes do not exceed US$5,000. The CDF must be produced to authorised banks or money changers when converting foreign exchange and retained for customs production on departure if unencashed. Details of travellers' cheques or currency denominations need not be furnished; foreign tourists need not provide an address. Issued by RBI as an amendment to the Principal Regulations.
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