Currency carriage limits increased under amendment to export/import rules, raising the permissible cash travellers may carry across borders. The amendment revises the monetary threshold for carrying currency on export and import by substituting the earlier figures in two operative clauses of the relevant regulation with a higher specified amount, thereby increasing the permissible cash threshold for persons moving currency across the border; the change is effected under the Reserve Bank's powers in the Foreign Exchange Management Act and commences on publication in the Official Gazette.
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.
Currency carriage limits increased under amendment to export/import rules, raising the permissible cash travellers may carry across borders.
The amendment revises the monetary threshold for carrying currency on export and import by substituting the earlier figures in two operative clauses of the relevant regulation with a higher specified amount, thereby increasing the permissible cash threshold for persons moving currency across the border; the change is effected under the Reserve Bank's powers in the Foreign Exchange Management Act and commences on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
