Surrender period for resident individuals: uniform 180-day deadline to present realised or unspent foreign exchange to authorised persons. A uniform 180-day period is prescribed for resident individuals to surrender received, realised, unspent or unused foreign exchange to an authorised person from the date of receipt, realisation, purchase, acquisition or return of the traveller; prior staggered timelines for specific types of receipts and instruments remain applicable to other persons and cases, and authorised persons must notify their constituents.
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 period for resident individuals: uniform 180-day deadline to present realised or unspent foreign exchange to authorised persons.
A uniform 180-day period is prescribed for resident individuals to surrender received, realised, unspent or unused foreign exchange to an authorised person from the date of receipt, realisation, purchase, acquisition or return of the traveller; prior staggered timelines for specific types of receipts and instruments remain applicable to other persons and cases, and authorised persons must notify their constituents.
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