https://www.taxtmi.com/manuals?id=5564 The definition of Indian currency under FEMA excludes special bank notes and special one rupee notes issued under section 28A of the Reserve Bank of India Act. Section 28A permits issuance of specially designed notes to control circulation abroad, requires Central Government approval of design after considering the Governor's recommendations, allows regulations (with Central Government sanction) for replacement and exchange, limits statutory payment obligations where a note is payable at a specified office, and declares such special notes not to be legal tender in India while treating the special one rupee note as a rupee coin for most purposes. en-us Tue, 22 Oct 2024 16:34:00 +0530 Tue, 22 Oct 2024 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5564 The definition of Indian currency under FEMA excludes special bank notes and special one rupee notes issued under section 28A of the Reserve Bank of India Act. Section 28A permits issuance of specially designed notes to control circulation abroad, requires Central Government approval of design after considering the Governor's recommendations, allows regulations (with Central Government sanction) for replacement and exchange, limits statutory payment obligations where a note is payable at a specified office, and declares such special notes not to be legal tender in India while treating the special one rupee note as a rupee coin for most purposes. Manuals FEMA Tue, 22 Oct 2024 16:34:00 +0530 https://www.taxtmi.com/manuals?id=5564