Surrender of unused foreign exchange requires timely return to authorised persons, with distinct travel deadlines based on form. Foreign exchange acquired or purchased by a person not being an individual resident in India must be surrendered to an authorised person if unused for the ... Summary
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Surrender of unused foreign exchange requires timely return to authorised persons, with distinct travel deadlines based on form.
Foreign exchange acquired or purchased by a person not being an individual resident in India must be surrendered to an authorised person if unused for the declared or another permissible purpose. The unused amount must be surrendered within sixty days of acquisition or purchase. Unspent foreign exchange obtained for foreign travel is subject to separate periods: currency notes and coins must be surrendered within ninety days of return to India, while travellers cheques must be surrendered within one hundred eighty days, subject to applicable foreign exchange regulations.
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