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of <h1>Foreign Exchange Repatriation: Residents Must Promptly Realize and Transfer Earnings to India Under FEMA Guidelines</h1> This statutory provision under the Foreign Exchange Management Act mandates that any person resident in India who is due or has accrued foreign exchange must take reasonable steps to realize and repatriate such foreign exchange to India within the period and manner specified by the Reserve Bank of India. The provision aims to regulate and manage foreign exchange transactions for residents.
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