An Act to provide for certain immunities to persons receiving remittances in foregin exchange and to persons owning the Foreign Exchange Bonds and for certain exemptions from direct taxes in relation to such remittances and bonds and for matters connected therewith or incidental thereto.
The Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 has 7 sections in 3 chapters. Each link below opens the official text of that section. Official PDF on India Code.
Chapter I: PRELIMINARY
- Section 1 – Short title and extent
Chapter II: REMITTANCES OF FOREIGN EXCHANGE
- Section 2 – Definitions
- Section 3 – Immunities
- Section 4 – Remittances not to be taken into account in certain cases