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exchange rate

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2010 dear sir,

who determine the exchange rate of import in india where are this office situated?
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
17 March 2010 Foreign Exchange Market in India works under the central government in India and executes wide powers to control transactions in foreign exchange.

The Foreign Exchange Management Act, 1999 or FEMA regulates the whole foreign exchange market in India.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
17 March 2010 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, is a regulator for exchange rate for import in and export from India.
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