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(9) The term 'foreign exchange' is defined in Section 2(d) of the Act as follows ;- - . "(D)"foreign exchange" means foreign currency and includes all deposits, - credits and balances payable in any foreign currency, and any drafts,traveller's cheques; letters of credit and bills of exchange, expressed or drawn inindian currency but payable in any foreign currency."

(10) The term "foreign curency" is defined in Section 2(c) of the Act as "any currency other than Indian currency."

(11) What then is the true meaning of the expression 'sell'............ foreign exchange' occurring in Section 4 (1) of the Act arid what is the ambit of the restriction imposed by the said sub section. The answer to the question depends on the principles which would apply to the interpretation of the aforesaid provisions for it is well settled that "the solution of a particular problem of interpretation will often be determined by which principles or principles the Court chooses to apply " Maxewll ; Interpretation of Statutes : 12th Edn. P. 39).