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