TO BE PUBLISHED IN THE GAZETTE OF INDIA (EXTRA ORDINARY) PART II SECTION 3 SUB SECTION (i) — THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999

TO BE PUBLISHED IN THE GAZETTE OF INDIA (EXTRA ORDINARY) PART II SECTION 3 SUB SECTION (i) MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFARRS) NOTIFICATION New Delhi, Dated 3rd May, 2000 G.S.R. 379(E). In exercise of the powers conferred by section 46 of the Foreign Exchange Management Act; 1999 (42 of 1999) the Central Government hereby makes the following rules, namely: - 1. Short title and commencement-(1) These rules may be called the Foreign Exchange Management (Encashment of Draft, Cheque, Instrument and payment of interest) Rules; 2000. (2) They shall come into force on the 1 day of June, 2000 2 Definitions: - In these rules, unless the context otherwise requires;- a) Act" means the Foreign Exchange Management Act; 1999 (42 of 1999); Adjudicating Authority" means an officer appointed by the Central Government under sub-section (1) of section 16 of the Act; Authorised Person means a person as defined in clause (c) of section 2 of the Act; "Cheque' includes a traveller's cheque; "Investigation' means an investigation as envisaged under section 37 of the Act; "Special Director (Appeals)' means Special Director (Appeals) appointed by the Central Govt. under sub-section (1) of section 17 of the Act; Appellate Tribunal' means the Appellate Tribunal for Foreign Exchange established under section 18 of the Act. 3. Delivery of Draft, Cheque and other Instrument for Encashment Where investigation referred to in section 37 is being taken up into any alleged contravention of any provision of the Act O of any rule, regulation, direction Or order; or violation of any condition subject to which Reserve Bank of India gives authorisation, made thereunder; and any draft, cheque O other instrument relevant for such investigation such officer shall cause such draft, cheque or other