Repatriation of foreign exchange: sell to authorised person, retain with authorised dealer, or use to discharge liabilities. Realised foreign exchange must be repatriated by selling it to an authorised person for rupees, retaining it in an account with an authorised dealer to the extent permitted by the Reserve Bank, or using it to discharge foreign exchange denominated debts as specified by the Reserve Bank; receipt in India of rupees from an overseas bank or exchange house account maintained with an authorised dealer is deemed repatriation.
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.
Repatriation of foreign exchange: sell to authorised person, retain with authorised dealer, or use to discharge liabilities.
Realised foreign exchange must be repatriated by selling it to an authorised person for rupees, retaining it in an account with an authorised dealer to the extent permitted by the Reserve Bank, or using it to discharge foreign exchange denominated debts as specified by the Reserve Bank; receipt in India of rupees from an overseas bank or exchange house account maintained with an authorised dealer is deemed repatriation.
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