Surrender of foreign exchange: resident individuals must hand over received or unspent foreign currency to an authorised person within the regulated 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 period counted from the date of receipt, realisation, purchase, acquisition or return to India, as applicable.
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: resident individuals must hand over received or unspent foreign currency to an authorised person within the regulated 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 period counted from the date of receipt, realisation, purchase, acquisition or return to India, as applicable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.