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of <h1>Indian residents must take reasonable steps to realize and repatriate foreign exchange owed under Regulation 3 FEMA 2000</h1> Regulation 3 of FEMA 2000 mandates that Indian residents owed foreign exchange must take reasonable steps to realize and repatriate such funds to India, unless exempted by law or Reserve Bank permission. The regulation prohibits any action or inaction that delays receipt of foreign exchange or causes it to become unreceivable, either wholly or partially. This provision ensures prompt collection and repatriation of foreign exchange dues by Indian residents.
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