Legal glossary
“convertible foreign exchange”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Income-tax Act, 1961 · s. 115C
(a) "convertible foreign exchange" means foreign exchange which is for the time being treated by the Reserve Bank of India as convertible foreign exchange for the purposes of[3] [the Foreign Exchange Management Act, 1999 (42 of 1999),] and any rules made thereunder;
Read section 115C