time, was a duly
licensed Full Fledge Money Changer (for short "FFMC") and/or an Authorised Dealer,
who was issued the requisite licence ... Gulf Enterprises. In so far as present Appeals are
concerned, the relevant FFMC is Hotel Zam Zam. It was alleged by the DRI that Hotel
time, was a duly
licensed Full Fledge Money Changer (for short "FFMC") and/or an Authorised Dealer,
who was issued the requisite licence ... Gulf Enterprises. In so far as present Appeals are
concerned, the relevant FFMC is Hotel Zam Zam. It was alleged by the DRI that Hotel
that the appellants have misused the Full Fledged Money Changer (i.e.) FFMC Licence by releasing foreign exchange to suspicious persons in the year ... appellant No.1, a FFMC and its two directors are concerned, it is an admitted fact that the foreign exchange was delivered at the residence
Hotel Zam Zam are duly licensed Full Fledged
Money Changers, in short FFMC. According to the learned senior counsel,
such transactions as between the licensed ... Section 6(4) it is stipulated that a full fledged money changer
(FFMC) as an authorized dealer in foreign exchange should strictly comply
with
Hotel Zam Zam are duly licensed Full Fledged
Money Changers, in short FFMC. According to the learned senior counsel,
such transactions as between the licensed ... Section 6(4) it is stipulated that a full fledged money changer
(FFMC) as an authorized dealer in foreign exchange should strictly comply
with
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
they carry on the business of Full-fledged money Changers (for short, `FFMC') and are duly licenced by Reserve Bank of India as FFMC ... terms and conditions of the licence granted to TTC as FFMC by RBI and as per the guidelines and instructions given in the memorandum
Limited is an authorised Full-Fledged Money
Changer (hereinafter referred as 'FFMC'), holding license issued by The Reserve
Bank of India (hereinafter referred ... Thiru.P.V.Krishnamani was
its Vice President of the said FFMC. Tmt.Rita Rajamani was the Manager,
administering the affairs
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
