https://www.taxtmi.com/acts?id=2125 Encashment of drafts, cheques and other instruments requires prompt realisation by the Reserve Bank of India or an authorised person. The realised proceeds, after deduction of commission and expenses incurred for encashment, must be credited to a separate account in the name of the Directorate of Enforcement. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 02 Sep 2026 14:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2125 Encashment of drafts, cheques and other instruments requires prompt realisation by the Reserve Bank of India or an authorised person. The realised proceeds, after deduction of commission and expenses incurred for encashment, must be credited to a separate account in the name of the Directorate of Enforcement. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2125