Duty to realise and repatriate foreign exchange requires residents to take all reasonable steps to bring funds home. Residents must take all reasonable steps to realise and repatriate foreign exchange due, and must not act to delay or prevent receipt of such foreign exchange, subject to any permission under the Act or from the Reserve Bank. 'Repatriate to India' includes bringing realised foreign exchange into India, selling it to an authorised person for rupees, holding realised amounts with an authorised person to the extent permitted by the Reserve Bank, and using realised foreign exchange to discharge foreign currency liabilities. 'Foreign exchange due' means any amount a person has a right to receive in foreign exchange.
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.
Duty to realise and repatriate foreign exchange requires residents to take all reasonable steps to bring funds home.
Residents must take all reasonable steps to realise and repatriate foreign exchange due, and must not act to delay or prevent receipt of such foreign exchange, subject to any permission under the Act or from the Reserve Bank. "Repatriate to India" includes bringing realised foreign exchange into India, selling it to an authorised person for rupees, holding realised amounts with an authorised person to the extent permitted by the Reserve Bank, and using realised foreign exchange to discharge foreign currency liabilities. "Foreign exchange due" means any amount a person has a right to receive in foreign exchange.
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