Domestic assets and liabilities excluded from FLA return under FEMA; do not report domestic items even if in foreign currency. Domestic assets and liabilities are not to be reported in the Annual Return on Foreign Liabilities and Assets (FLA); this exclusion applies even if the domestic asset or liability is denominated in foreign currency.
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.
Domestic assets and liabilities excluded from FLA return under FEMA; do not report domestic items even if in foreign currency.
Domestic assets and liabilities are not to be reported in the Annual Return on Foreign Liabilities and Assets (FLA); this exclusion applies even if the domestic asset or liability is denominated in foreign currency.
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