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Deemed Contravention by Purchaser or Acquirer of Foreign Exchange [Section 10(6)]

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....rpose for which it was acquired or purchased (mentioned in the declaration made to the authorised person) (ii) Not surrendering the foreign exchange to the authorised person within the specified period. (iii) Using the foreign exchange so acquired or purchased for any other purpose that is not permissible under the act or the rules, regulations directions or order made thereunder In the case of....

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Deemed Contravention by Purchaser or Acquirer of Foreign Exchange [Section 10(6)]