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REGISTERED No. D-28

The Gazette of India

EXTRAORDINARY

PUBLISHED BY AUTHORITY

NEW DELHI. WEDNESDAY, AUGUST 25, 1948

GOVERNMENT OF INDIA MINISTRY OF FINANCE NOTIFICATIONS New Delhi, the 25th August 1948

No. 12(11)-F.I/48.—In exercise of the powers conferred by sub-section (1) of section 8 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), and in supersession of the notification of the Government of India in the late Finance Department No. 12 (H)-F. 1/47, dated the 25th March, 1947, the Central Government is pleased to direct that, except with the general or special permission of the Reserve Bank, no person shall bring or send into the Provinces of India from any place outside the sub-continent of India or from any place in the French or Portuguese territories in India—

(a) any gold coin, gold bullion, gold sheets or gold ingot, whether refined or not; or

(b) any silver bullion, any silver sheets or plates which have undergone no process of manufacture subsequent to rolling, or any uncurrent silver coin. No. 12 (12)-F. 1/48.—In exercise of the powers conferred by sub-section (1) of section 8 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), and in supersession of the notification of the Government of India in the late Finance Department, No. 12 (12)-F.I/47, dated the 25th March, 1947, the Central Government is pleased to direct that, except with the general or special permission of the Reserve Bank, no person shall bring or send into the Provinces of India from any place outside India any currency notes or bank notes (whether in circulation or unissued) other than currency notes of the Government of India or of any Acceding State, or of Hyderabad. Reserve Bank of India notes, and notes which are legal tender in Pakistan, Burma, Ceylon, Afghanistan or Iran,

No. 12 (17)-F. 1/48.—In exetcise of the powers conferred by sub-section (1) of section 12 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government is pleased to direct that the following amendment shall be made in the notification of the Government of India in the late Finance De- partment, No, 12 (17)-F.I/47, dated the 4th August 1947, namely: —

In the Schedule annexed to the said notification, after the entry "Tibet", the entry "Pakistan" shall be inserted,

No. 12 (18)-F. 1/48.—In exercise of the powers conferred by sub-section (1) of section 12 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government is pleased to direct that the following further amendment shall be made, in the notification of the Government of India in the late Finance Department No. 12(18)-F.I./47, dated the 4th August 1947, namely: —

In the Schedule annexed to the said notification, after the entry "Tibet", the entry "Pakistan" shall be inserted.

B. K. NEHRU. Joint Secy.

( 1407)

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RESEBVE BANK OF INDIA

Central Office

NOTIFICATIONS

Bombay, ihe 25th August 1948

No, F.E.R.A. 45/48-R.B.—In pursuance, of sub-section (1) ol section 4 of tho Foreign Exchange Regulation Act, 1947 (VII of 1947), the Reserve Bank ia pleased to direct that the prohibition imposed by tho said sub-section ahull not apply to the making and receipt of payments in the currency of any country or territory for the time being specified in the Schedule hereto annexed or to operations on an account expressed in such currency.

SCHEDULE

(i) Pakistan (h) Any Acceding State.

No, F T5 B,A, 46, 48-R.B-—tu pinusnee o* sub-section (1; oi auction 5 o/ the Foreign Exchange Regulation Acl, 1947 (VJL of 1917), the Reserve Bank is pleased to direct that—

(i) the prohibition imposed by clause (a) of the said sub-section shall not apply to the making of a payment to or fur the credit of a person resident in any country or territory for the time being specified in the Schedule annexed to the Reserve Hank of Inditi Notification No. F. E R. A, 4B/48-R. B., dated the 25th August 1048;

(ii) the prohibition imposed by clause (b) of the said sub-section shall not apply where the person in whose favour a right (whether actual or contingent) to receive a payment is created or transferred, is resident in any country or territory so specified;

(iii) the prohibition imposed by clause (c) of the said sub-section shall not apply to the making of a payment by order or on behalf of a porRon reRident in iiny country or territory so specified;

(iv) the prohibition imposed by clause (d) of the snid sub-section shnll not apply 1o the placing of a sum to the credit of a person resident in any country or territory so specified; and

(V) the prohibition imposed by clause (e) and clause (f) of the naid suh- seetion shall not apply where the payment received or to be received or the property acquired or to he acquired is in any country or territory so specified.

No. T. E. R. A. 47/48-R. B,—In pursuance of sub-seotion (1) of section in of the Foreign Exchange Regulation Act, 1917 (VII of 10IT), the Reserve Bank is pleased to direct that the said sub-section shall not apply in'relation to: —

(a) payments in Indian currency receivable from persons resident in any country or territory for the time being specified in the Schedule annexed to the Reserve Hank of Tndia Notification No. F. E. R, A. 45/48-R. B., dated the 25th August 1948;

(b) foreign exchange which is expressed to he payable in tho currency of any such country or territory provided that it is not receivable from any person resident elsewhere than in any such oountrv or territory or the Provinces of India.

No, F. E. R. A. 48/48-R. B.~-Tn pursuance of sub-section (1) of section ].. ol the Formal Exchange Reflation Act, 1947 (VTT of 1947) the Reserve Bank is pleased to permit any person to take or send out of the Provinces of India to nnv country or territorv specified in the Schedule hereto annexed any securities expressed to he payable In Indian currency #r in the currencv of any

such country or territory (other than securities which eonier optional rights of payment in other currencies) provided that the securities are registered in aay of the Provinces ol Indiu or it) ally such country ov territory sind tiro not registered elsewhere.

SCHUDUT.E

(i) Pakistan (ii) Any Acceding State.

No. P. E. R. A. 49/48 E. E.—In pursuance of sub-section (1) of section 13 of the Foreign Exchange Regulation Ant, 1947 (VII of 1947), the Reserve Bank is pleased f.o direct tbtit—,

(1) the prohibition imposed hy clause (b)

(2) tin; prohibition imposed l.y r-lriiise (f) of the said sub-section shall not apply—

(a) to the transfer of a security from n register in any of the Provinces of India to a register in any county or territory BO specified; or

(b) to the substitution for any security which is either in or registered in uny of the Provinces of India of any security winch is either in or registered in uny country or territory so specified'

(3) (lip prohibition imposed by i-lnuse (./) of the said sub-section shall not apply to the issue of any security which is registered or to be registered in any of the Provinces of India to a person resident in un\ country or territory so' specified.

No. P. E. E. A, 50/48 E. B.—in pursuance of sub-section (2) of section 13 of the Foreign Kxchunge Regulation Act, 1947 (Vll of 1947), the Reserve Bank is pleased to direct that the prohibition imposed by the said sub-section shall not apply where both tho person previously instructing the holder of a security and the person substituted for that person are resident either in India or in any country or territory for the time being included in the Schedule an- nexed to the Reserve Bank Notification No. F. E. R. A, 45/48-R. B dated the 25th August 1948.

No. F. E. E. A. 51/48 E. B.—Tn pursuance of section 17 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Reserve Bank is pleased to notify the territories specified in the Schedule hereto annexed for the purposes of the said section.

SCHEDULE

(i) Pakistan,

(ii) Any Acceding State.

-.r, ¹*?\-,V'•£' Rl ^ ^{6 2} / / ⁴⁸ Kl B >~Tn I)ur™OTlja of sub-aection (2) of section lfl of the Foreign Exchange Regulation Act, 1047 (VII of 1947), the Reserve Bank is pleaRed to notify the territories specified in the Schedule hereto annexed for the purposes of fhe said sub-section.

SCHEDULE

(i) Pakistan.

(ii) Any Acceding State.

No. T. £. R. A. 53/48 R. B.—In pursuance of the Notification of the Gov- ernment of India in ihe Ministry of Finance, No. 12(12)-Fl/48, dated the 25th August, 1948, and in supersession of the Eeservo Bank of India Notification No. F.E.R.A. S/47-R.B., dated the 25th March, 1047, the Reserve Bank is pleased to permit tiny person to bring into the Provinces ot India from any place outside India, without limit, any currency notes or bank notes, other than unissued notes and Bank of England notes, provided that lie makes a declaration on the appropriate form specifiod by the Reserve Bank at the time of arrival to the Customs authorities of the total amount of notes brought in.

No. F.E.R.A. 64/48-R.B.—In pursuance of sub-section (1) of section 4 of tho Foreign Exchange Regulation Act, 1947 (VT1 of 1947), the Reserve Bank is pleased to direot that the following further amendmont shall be made in the notification of the Reserve Bank of India No. F.fl.R.A. 22/47-H.B., dated the 8th July, 1947, namely; —

fn the said notification, for the words "domiciled in India" the words "resident, in India" shall he substituted.

No. F.E.R.A. 65/48-R.B.—In pursuance of sub-section (1) of stction 4 of the Foreign Exchange Regulation Act, 194X (VII of 1047), the Reserve Bank is pleased to direct, that the following amendment shall be made in the noti- fication of the Reserve Bank of India No. F.E.R.A, 20/47-R.B dated the 8th July 1947, nnmel,\: —

\n the said notification, for the words "British India but is not domiciled in Tndia" the words "any province of India, but is not domiciled anywhere in the sub-continent of India excluding the French and Portuguese territories" shall be substituted.

No. F.E.R.A. 56/48 R.B.—fn pursuance of sub-section (1) of section 6 of the Foreign Exchange Regulation Act, 1947 (VII of 1047), the Reserve Bank is pleased to direct, that the following amendment shall be made in the notification of the Reserve Bank of Tndia No. F.E.R.A. 24/47-R B dated the 8th July 1947, namely: —

In the said notification, for the words "resident outside India" the words "resident outside the sub-continent of Tndia or in the French or Portuguese territories in Inrlin" shall be substituted.

No. F.E.R.A. 67/48-R.B.—In pursuance of sub-section (2) of section 8 of the Foreign Exohange Regulation Act, 1947, (VII of 1947), the Reserve Bank is pleased to direot that the following amendments shall be made in the notification of the Reserve Bank of India No, F.E.R.A 25/47-R B dated the 10th July 1947, namely:—

' ''

In the said notification—

(i) in clauses (a), (b) and (c), for the words "British India", wherever they occur, the words "the Provinces of India" shall be substituted; and

(ii) in clause (b), for the words "an Indian State," the words "an Acceding State" shall be substituted.

NO. F.E.R.A. 68/4S-R.B.—In pursuance of sub-section (2^ of section 8 of Mi" F-oroiRi.^Exchange Regulation Act, 1947 (VT.I of 1947), and in supersession ot trio notification of the Reserve Bonk of India No F E R A. 80/47 R B dated tin. 14th August 1947, the Reserve Bank is pleased to permit any person to tuke at any one time out of any Province of India precious stones or jewellery other than articles made wholly or mainly of gold to the countries, or territories K^ II St CO}Umn °f t he S o h e d ule hereto annexed to the extent indi- cated m the corresponding entries in the second column thereof-

Provided that any person other than a person domiciled in India or Pakistan, \vho is returning to his own country may take out with him any precious stones ur jewellery brought by him into India, Withoul limit, and precious stones or jewellery other than articles made wholly or mainly of gold purchased in India up to a further Bs. 10,000 in value.

SCHEDULE

I

It

(a) Any Acceding State, Pakistan, French territories Without limit.

in India.

(h) Afghanistan, Iran, Persian Gulf Ports and Up (u Kri. ;2,000 in value.

Portuguese territories in India.

(u) --Vny other country or place not mentioned in (a.) Up to Rci. 5,000 in value.

and(b).

No. F.E.E.A. 59/48-R.B.—Jn pursuance ot sub-section {2) oi section 8 oi the .Foreign Exchange Regulation Act, 1947 (VU of 1947j, the Reserve Bank is pleaded to direct that the following amendments shall be made in the notifica- tion uf the .Reserve Bank of India, No. F.E.It.A. 31/47-11.B., dated the 14th August, 1947 namely:—

In the said notification,

(i) For the words "British India" the words ' any puivince of India" shall be substituted; and

(n) For item (a) in the first column of the Schedule auntxed to the said notification, the following shall be substituted, namely:—

"(aj Any Acceding State, Pakistan, irench territories in India.'

No. F.E.R.A. 60/48-R.B.—In pursuance of sub-section (2) of section 8 of ttu Foreign Exchange Regulation Act, 1947 (VII of 1947), and in supersession of the notification of the .Reserve Bank of India, ]Slo. F.E.R.A. 32/47-R.B., dated the 14th August 1947, the Reserve Bank is pleased—

(1) to permit any person to take or send out of any Province of India—

(a] to any acceding State or Pakistan, currency notes of the Government of India, Reserve Bank of India notes, Indian coin, currency notes of the Government of Pakistan, State Bank of Pakistan notes, Reserve Bank of India notes inscribed with .the words "Govern- ment of Pakistan ' and Pakistan coin without limit;

(b) to French territories in India, Portuguese territories in India, Nepal and Tibet.

• Currency notes of the Government of India, Reserve Hank of India notes, Indian coin, currency notes of the Government of Pakistan, State Bank oL Pakistan notes, lleserve Bank of India notes inscribed with the .words "Govern- ment of Pakistan" and Pakistan coin or other notes and coin which are the currency of the country or territory to which they are being taken or sent," without limit; .

(2) to permit any person to take out of any Province of India—

(a) to any destination currency notes of the Government of India or Reserve Bank of India notes or Indian coin, currency notes of the Government of Pakistan, State Bank of Pakistan notes, Reserve Bank of India notes inscribed with the words "Government of

Pakistan or 1'akistan coin not exceeding Its. 270 iu value; UL foreign currency not exceeding li". 27U in value in any one moiitu;

(p) to Afghanistan;

Currency notes oi the Government oi India, Reserve Bank ot India notes, Indian com, currency notes ot the Government ot .Pakistan, State .bank ot Pakistan notes, Reserve Jiauk ot India, notes inscribed with the words "Govern- ment ot Pakistan ' and' Pakistan com not exceeding Us. b,000 in any one montn and other iiotes and com winch are the currency ot the country or territory to whiuj* they are being taken or sent, without limit;

(?>) to permit captains of vessels or aircraft to take with them currency notes of the Government oi luduu, Ueserve Bank of India notes and Indian" com, v\ kn- out Jmiit provided that tney sign and deliver to the Customs Olfieer u statement that the money is required lor the expenses of the voyage;

(4) to permit currency in the safes of vessels or aircraft wiuwli lias ueun brought into any of the provinces of India, or which has been taken on Doard a vessel or aircraft with the permission of the Reserve Bank to be taken out of the, Provinces of Indian

{&) to permit persons not ordinarily resident in any of the Provinces of lud .i to take out ot the Provinces ot India, amounts ot currency not exceeding the amounts brought m by them provided that they have made a declaration oi the amounts brought m on the appropriate form specified by the Reserve Bank to the Customs Officer on arrival in a

No. F.E.R.A. 61/48-R.B.—in pursuance of the notification of the Govern- ment ot India in the Ministry of Finance, No. 12(12)-F:l/48, dated the VoUi August, 1948, and m supersession of the .Reserve Bank of India Notification JSio. F.E.R.A. 35/47-R.B., dated the 4th November, 1947, the Reserve Bank is pleased to permit any person to bring into the Provinces ot India, from any place outside India, Bank of iiingiund notes up to a value ot £5 provided that he makes a declaration on the appropriate form specified by the Reserve Bank at the time of arrival to the Customs authorities ot the total amount of notes brought in.

No. F.E.R.A. 62/48-R.B.—In pursuance of the notification of the Govern- ment of India in the Ministry ot Finance No. 12(ll)-FI/48, dated the 2oth August, 1948, restricting the bringing or sending into the Provinces of India of gold and silver, and m supersession of the Eeserve Bank of India notiiicution No. F.E.R.A. 37/48-B.'B., dated the 21st January, 1948, the Reserve Bank ot India is hereby pleased to give general permission to the bringing or sending of any such gold or silver by sea or air into any port in the Provinces of India, provided the gold or silver is on through transit to a place outside India and is not removed from the carrying ship or aircraft, except for the purpose of tranship- ment.

No. F.E.R.A. 63/48-R.B.—The Reserve Bank notification No. F.E.R.A. 36/47-R.B., dated Yhe 4th November, 1947, is hereby cancelled.

Ct D. DESHMUKH, Governor.

PUBLISHED BY T HI MANAGER OF PUBLICATIONS, DELHI, INDIA PBIHIBD BY THE MANAGEB GOVBBNMKNJ or INDIA PRESS, NBW DELHI, IifBu