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Export of Jewellery, Indian Currency, Foreign Exchange, Securities, etc.
Taking out of personal Jewellery from India by travellers is regulated under the Baggage Rules framed by the Ministry of Commerce under the Export-Import Policy. Export of currency :'FERA Act prohibits taking or sending out Indian currency notes and coins from India without general or special permission of Reserve bank.
Export of Foreign Exchange:, Export of foreign exchange in any form including currency notes or bank notes, other than foreign exchange obtained from an authorised dealer or authorised money-changer by the person exporting is prohibited unless it is covered by a general or special permission of Reserve Bank.
METHODS OF DEALING WITH FOREIGN EXCHANGE RISKS A firm can deal with foreign exchange risks in the following ways: 1) Taking Risk: The firm may decide to bear the risk if t
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Explain a production procesq
SPECIAL CONTRACTS : You have learnt that the applicable law can be the law of either party or that of a third party. It will be the Indian Contracts Act, if Indian law will apply.
Indemnity and Insurable Value : The insurance contract is in the nature of indemnity. The literal meaning of indemnity is protection against loss or making good the loss. The obje
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