Foreign exchange repatriation requires receipt in India and permitted disposal through authorised banking channels or specified foreign currency liabilities. Realised foreign exchange due to a person must be brought into, or received in, India. Repatriation may be effected through sale to an authorised person ... Summary
Referred In :
Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015
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Foreign exchange repatriation requires receipt in India and permitted disposal through authorised banking channels or specified foreign currency liabilities.
Realised foreign exchange due to a person must be brought into, or received in, India. Repatriation may be effected through sale to an authorised person for rupees, retention or holding with an authorised dealer within Reserve Bank-specified limits, or discharge of a foreign-exchange-denominated debt or liability in the specified manner. Repatriation is deemed complete when rupee payment is received in India from an overseas bank or exchange house account maintained with an authorised dealer.
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