Central Government prescribes the mandatory threshold of the aggregate value of Foreign Exchange, Foreign Security or any immovable property, situated outside India as not less than rupees one crore - F. No. A-12011/02/2014-Ad.ED - Foreign Exchange Management
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Mandatory threshold for foreign assets established under FEMA, requiring a prescribed minimum aggregate value for cross border holdings. The Central Government, under the proviso to sub section (1) of Section 37A of the Foreign Exchange Management Act, prescribes a mandatory threshold for the aggregate value of Foreign Exchange, Foreign Security or any immovable property situated outside India, thereby establishing a statutory minimum aggregate value applicable to those categories of foreign assets.
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Provisions expressly mentioned in the judgment/order text.
Mandatory threshold for foreign assets established under FEMA, requiring a prescribed minimum aggregate value for cross border holdings.
The Central Government, under the proviso to sub section (1) of Section 37A of the Foreign Exchange Management Act, prescribes a mandatory threshold for the aggregate value of Foreign Exchange, Foreign Security or any immovable property situated outside India, thereby establishing a statutory minimum aggregate value applicable to those categories of foreign assets.
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