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of <h1>Individuals Must Repatriate Unused Foreign Exchange Within 180 Days Under LRS; Compliance with 2022 Regulations Required.</h1> Resident individuals who have remitted funds abroad under the Liberalised Remittance Scheme (LRS) can retain and reinvest income earned from these investments. However, any foreign exchange that is received, realized, unspent, or unused must be repatriated and surrendered to an authorized person within 180 days unless reinvested. Additionally, compliance with any further repatriation requirements under the Overseas Investments Rules and Regulations 2022 is necessary.
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