Hawala transactions relate to payments
- (a)received in rupees against overseas currencies and vice versa without going through the official channels
- (b)received for sale/transfer of shares without going through the established stock exchanges
- (c)received as commission for services rendered to overseas investors/buyers/sellers in assisting them to get over the red tape and/or in getting preferential treatment
- (d)made to political parties or to individuals for meeting election expenses
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Official answer(a) received in rupees against overseas currencies and vice versa without going through the official channels