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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Non-Resident Individuals Must Surrender Unused Foreign Exchange Within 60-180 Days Under FEMA Regulation 6</h1> Regulation 6 of the Foreign Exchange Management Regulations, 2015 mandates that non-resident individuals who acquire foreign exchange must surrender unused or unspent foreign exchange to an authorized person within specific timeframes. For general purposes, surrender is required within 60 days of acquisition. For foreign travel, unspent currency notes must be surrendered within 90 days of return to India, while travellers cheques have a 180-day surrender period.
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