Reserve Bank's power to permit export or import of currency: allows authorised movement of currency notes subject to conditions. A new Regulation 9 authorises the central bank, on application and being satisfied of necessity, to permit any person to take or send out of India or bring into India currency notes of the Government and/or of the central bank, subject to terms and conditions as the central bank may stipulate.
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Provisions expressly mentioned in the judgment/order text.
Reserve Bank's power to permit export or import of currency: allows authorised movement of currency notes subject to conditions.
A new Regulation 9 authorises the central bank, on application and being satisfied of necessity, to permit any person to take or send out of India or bring into India currency notes of the Government and/or of the central bank, subject to terms and conditions as the central bank may stipulate.
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