Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 - 9(R)/2015-RB - Foreign Exchange Management

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Repatriation duty: realised foreign exchange must be returned to India and either sold, held with an authorised dealer, or applied to foreign liabilities. A resident entitled to foreign exchange must realise and repatriate it to India and must not delay or frustrate receipt. Repatriation may be effected by selling to an authorised person for rupees, holding with an authorised dealer as specified by the Reserve Bank, or using it to discharge foreign-currency liabilities in the manner specified. Receipts in rupees from overseas bank or exchange house accounts maintained with an authorised dealer are deemed repatriation. Time-limited surrender obligations apply to non-individual residents and to resident individuals, with an exemption for Nepalese and Bhutanese currency.

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Repatriation duty: realised foreign exchange must be returned to India and either sold, held with an authorised dealer, or applied to foreign liabilities.

A resident entitled to foreign exchange must realise and repatriate it to India and must not delay or frustrate receipt. Repatriation may be effected by selling to an authorised person for rupees, holding with an authorised dealer as specified by the Reserve Bank, or using it to discharge foreign-currency liabilities in the manner specified. Receipts in rupees from overseas bank or exchange house accounts maintained with an authorised dealer are deemed repatriation. Time-limited surrender obligations apply to non-individual residents and to resident individuals, with an exemption for Nepalese and Bhutanese currency.

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Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 - 9(R)/2015-RB - Foreign Exchange Management

Repatriation duty: realised foreign exchange must be returned to India and either sold, held with an authorised dealer, or applied to foreign liabilities.

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Repatriation duty: realised foreign exchange must be returned to India and either sold, held with an authorised dealer, or applied to foreign liabilities.

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