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