Amendments in Schedules I and III of the Foreign Exchange Management (Current Account Transaction) Rules, 2000 - GSR 397(E) - Foreign Exchange Management
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Foreign exchange current account rules adjust export commission and salary provisions for non-permanent residents and deputation employees. The rules amend Schedule I to substitute the item on payment of commission on exports under the Rupee State Credit Route, permitting commission subject to a specified exception for certain commodities. Schedule III item 7 is amended by replacing clause (i) to cover net salary of persons who are resident but not permanently resident and who are either citizens of a foreign State other than Pakistan or Indian citizens on deputation to a foreign company's office, branch, subsidiary or joint venture in India; the Explanation substitutes 'employment of deputation of' for 'employment of.'
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange current account rules adjust export commission and salary provisions for non-permanent residents and deputation employees.
The rules amend Schedule I to substitute the item on payment of commission on exports under the Rupee State Credit Route, permitting commission subject to a specified exception for certain commodities. Schedule III item 7 is amended by replacing clause (i) to cover net salary of persons who are resident but not permanently resident and who are either citizens of a foreign State other than Pakistan or Indian citizens on deputation to a foreign company's office, branch, subsidiary or joint venture in India; the Explanation substitutes "employment of deputation of" for "employment of."
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