Rule 16, Puducherry Mines and Minerals (Development and Regulation) Act, 1957 (Registration) Rules, 2013 [S5T-6RB]
As at 7 September 2026. In force from 5 September 2013.
Safe custody.—Every person holding foreign assets shall keep every demand notice to which these rules apply in a receptacle or place reserved for the purpose at the premises where the holding of assets outside India is carried on, shall record in Form ITR-1 the description of every demand notice so kept and the date on which it was received, and shall furnish a copy of the record to the Director General of Income-tax within forty-five days of the close of each year.
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