Export of foreign exchange permits authorised persons and individuals to take or send specified lawfully acquired currency abroad. Regulation 7 permits authorised persons to send foreign currency acquired in the normal course of business. Individuals may take or send abroad specified ... Summary
Foreign Exchange Management (Export And Import of Currency) Regulations, 2000
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Export of foreign exchange permits authorised persons and individuals to take or send specified lawfully acquired currency abroad.
Regulation 7 permits authorised persons to send foreign currency acquired in the normal course of business. Individuals may take or send abroad specified cheques, foreign exchange lawfully drawn from authorised persons, and permitted currency held in vessel or aircraft safes. It also permits export of lawfully possessed or retained unspent foreign exchange. Persons resident outside India may take out unspent foreign exchange up to the amount brought into India and declared on arrival.
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