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of <h1>Regulations define authorized dealer, foreign exchange due, and surrender under Section 10 licensing framework</h1> These regulations define key terms under the Foreign Exchange Management Act, 1999. The Act refers to the primary legislation governing foreign exchange. An authorised dealer is a person licensed under Section 10 to deal in foreign exchange. Foreign exchange due means amounts a person has the right to receive in foreign currency. Surrender means selling foreign exchange to authorized persons in India for rupees. Undefined terms carry meanings from the parent Act.
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