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of <h1>Residents in India must surrender unused foreign exchange to an authorized person within 180 days as per Regulation 7.</h1> An individual resident in India must surrender any received, realized, unspent, or unused foreign exchange, including currency notes, coins, and travelers cheques, to an authorized person within 180 days from the date of receipt, realization, purchase, acquisition, or their return to India. This requirement is stipulated under Regulation 7 of the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015.
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