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        FEMA

        Regulation 7 - Period for Surrender of Received/ Realised/ unspent/ Unused Foreign Exchange by Resident Individuals

        Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015
        Chapter 01

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        Surrender of foreign exchange required by resident individuals to authorised persons within specified statutory period. Resident individuals must surrender received, realised, unspent or unused foreign exchange, including currency notes, coins and travellers cheques, to an authorised person within the prescribed statutory period from the date of receipt, realisation, purchase, acquisition or return to India.
                          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.

                                Surrender of foreign exchange required by resident individuals to authorised persons within specified statutory period.

                                Resident individuals must surrender received, realised, unspent or unused foreign exchange, including currency notes, coins and travellers cheques, to an authorised person within the prescribed statutory period from the date of receipt, realisation, purchase, acquisition or return to India.


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