In these rules, unless the context otherwise requires;-
(a) “Act” means the Foreign Exchange Management Act, 1999 (42 of 1999);
(b) "Adjudicating Authority" means an officer appointed by the Central Government under sub-section (1) of section 16 of the Act;
(c) "Authorised Person" means a person as defined in clause (c) of section 2 of the Act;
(d) "Cheque" includes a traveller's cheque;
(e) "Investigation" means an investigation as envisaged under section 37 of the Act;
(f) "Special Director (Appeals)" means Special Director (Appeals) appointed by the Central Govt. under sub-section (1) of section 17 of the Act;
(g) "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 or 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 or other instrument relevant for such investigation such officer shall cause such draft, cheque or other instrument to be delivered for encashment to Reserve Bank of India or an authorised person as the officer may specify.
4. Encashment of draft, cheque or other instrument - The Reserve Bank of India or an authorised person shall take steps without delay for encashing the draft, cheque or other instrument and, on such encashment, shall credit the proceeds realised (less any commission and expenses incurred for such encashment) to a separate account in the name of the Directorate of Enforcement.