Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Applicability & Commencement of FEMA, 1999

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....ndia. (b) Extent and Application (Section 1 of FEMA Act 1999 read with regulation 5 of FEMA (IFSC) Regulation, 2015) * It extends to the whole of India. * In British India Steam Navigation Co. Ltd. vs. Shanmugha Vilas Cashew Industries (1990) 48 ELT 481 (SC). It was held that foreign ship on high seas, or her foreign owners or their agents in foreign country are not covered under FERA unless....

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....se the emphasis is on the words "owned or Controlled". contravention of the FEMA committed outside India by a person to whom this act applies will also be covered FEMA (c) Commencement * The FEMA Act,1999 came into force with effect from 1st Jun, 2000 vide Notification G.S.R. 371(E), dated 01.05.2000. * The proviso to section 1(4) states that different dates may be appointed for dif....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Applicability & Commencement of FEMA, 1999