Export of foreign exchange: permitted categories and conditions govern removal, declaration, and possession compliance. An authorised person may send foreign currency out of India acquired in the normal course of business. Individuals may take or send cheques on foreign currency accounts, foreign exchange drawn from an authorised person, and currency in vessel or aircraft safes brought in or taken aboard with regulatory permission. Residents may take out foreign exchange possessed or unspent and retained under the Possession and Retention Regulations, 2015. Non residents may take out unspent foreign exchange not exceeding the amount brought in if declared on arrival pursuant to Regulation 6.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export of foreign exchange: permitted categories and conditions govern removal, declaration, and possession compliance.
An authorised person may send foreign currency out of India acquired in the normal course of business. Individuals may take or send cheques on foreign currency accounts, foreign exchange drawn from an authorised person, and currency in vessel or aircraft safes brought in or taken aboard with regulatory permission. Residents may take out foreign exchange possessed or unspent and retained under the Possession and Retention Regulations, 2015. Non residents may take out unspent foreign exchange not exceeding the amount brought in if declared on arrival pursuant to Regulation 6.
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