Exchange Rate Management — Key Judgments

Key Judgments

Union of India v. V. Sriharan @ Murugan & Ors.

2016

While not directly on exchange rate *management* policy, this Supreme Court judgment is significant for clarifying the legal framework under which foreign exchange transactions…

Smt. Kamal Kanti v. Union of India

2007

This High Court judgment, affirmed by the Supreme Court in subsequent appeals, dealt with the interpretation of 'foreign exchange' and 'authorised person' under FEMA. It clarified…