https://www.taxtmi.com/forum/issue?id=119030 Convertible Foreign Exchange denotes foreign exchange that the central bank presently recognises as convertible for purposes of the Foreign Exchange Management Act and its rules; the classification depends on the Reserve Bank of India's contemporaneous treatment and determines the legal regime and compliance obligations applicable to transactions in that currency. en-us Wed, 13 Mar 2024 18:02:39 +0530 Fri, 24 Jan 2025 10:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119030 Convertible Foreign Exchange denotes foreign exchange that the central bank presently recognises as convertible for purposes of the Foreign Exchange Management Act and its rules; the classification depends on the Reserve Bank of India's contemporaneous treatment and determines the legal regime and compliance obligations applicable to transactions in that currency. Discussion-Forum FEMA Wed, 13 Mar 2024 18:02:39 +0530 https://www.taxtmi.com/forum/issue?id=119030