Surrender of foreign exchange: resident individuals must deliver received or unspent foreign currency to authorised persons promptly. The amendment narrows applicability of certain provisions to persons not being individual residents in India and inserts regulation 6A requiring resident individuals to surrender received, realised, unspent or unused foreign exchange, including currency notes, coins and travellers cheques, to an authorised person within a specified period from receipt, realisation, purchase, acquisition or return to India.
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 of foreign exchange: resident individuals must deliver received or unspent foreign currency to authorised persons promptly.
The amendment narrows applicability of certain provisions to persons not being individual residents in India and inserts regulation 6A requiring resident individuals to surrender received, realised, unspent or unused foreign exchange, including currency notes, coins and travellers cheques, to an authorised person within a specified period from receipt, realisation, purchase, acquisition or return to India.
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