November 1995 the company which was a
Full Fledged Money Changer (FFMC) authorised by the Reserve Bank
released foreign exchange in the names of various ... requirement that the passport of the traveller should be verified by
the FFMC to ensure eligibility for release of the exchange; that the
traveller should
assessee was dealing in the foreign currencies as
Full Fledged Money Changer (FFMC, for short) after obtaining requisite
permission from the Reserve Bank of India ... orders the assessee has sold the foreign currency to the two FFMC
holders having requisite licence from the RBI. The finding of fact
recorded
assessee was dealing in the foreign currencies as
Full Fledged Money Changer (FFMC, for short) after obtaining requisite
permission from the Reserve Bank of India ... orders the assessee has sold the foreign currency to the two FFMC
holders having requisite licence from the RBI. The finding of fact
recorded
