Examples of Exchange Assets in a sentence
Capital gain on transfer of Foreign Exchange Assets, not to be charged in certain cases.
The foreign exchange sold shall be duly reported by the foreign exchange-selling AAB under FX Form 1 (Consolidated Report on Foreign Exchange Assets & Liabilities) – Schedule 4 following the deadline for submission of FX Form 1.
State Cooperative Banks credit--(iii) Net Foreign Exchange Assets of Banking Sector(a+b)1443817(a) Reserve Bank (Gold, foreign currency assets etc)Table 81379044(b) Other Banks (SCB and state cooperative banks)--(iv) Government's Currency Liabilities to the PublicTable 812,959(v) Banking Sector's Net Non-Monetary Liabilities(a+b)1109849of which:(a) Net Non-Monetary Liabilities of RBI (CapitalReserves etc.
The Exchange Parcel is a number of Exchange Assets whose value after conversion at the applicable Exchange Rate is approximately equal to the Maturity Amount, rounded up to the nearest whole number.
Further advice should be obtained in relation to the tax consequences of holding or selling the Exchange Assets when the Exchange Assets are acquired as the tax law may change between the time an investor acquires a Note and when the Exchange Assets are acquired at maturity of the Note.