https://www.taxtmi.com/manuals?id=2857 The statute establishes a regulatory framework treating most foreign exchange transactions as permissible unless prohibited, vests supervisory authority in the Reserve Bank of India with Central Government rule making, and aims to facilitate external trade, orderly foreign exchange markets, and preservation of reserves while distinguishing current account freedoms from controlled capital account transactions. It also creates an authorised person regime, Directorate of Enforcement investigative functions, civil adjudication and compounding mechanisms, export realisation and repatriation requirements, and appeal routes, with most contraventions treated as civil except in exceptional cases. en-us Mon, 12 Jun 2023 15:45:00 +0530 Tue, 24 Sep 2024 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2857 The statute establishes a regulatory framework treating most foreign exchange transactions as permissible unless prohibited, vests supervisory authority in the Reserve Bank of India with Central Government rule making, and aims to facilitate external trade, orderly foreign exchange markets, and preservation of reserves while distinguishing current account freedoms from controlled capital account transactions. It also creates an authorised person regime, Directorate of Enforcement investigative functions, civil adjudication and compounding mechanisms, export realisation and repatriation requirements, and appeal routes, with most contraventions treated as civil except in exceptional cases. Manuals FEMA Mon, 12 Jun 2023 15:45:00 +0530 https://www.taxtmi.com/manuals?id=2857