https://www.taxtmi.com/acts?id=2002 Section 9 creates specified exemptions from restrictions on possession, realisation and repatriation of foreign exchange. Exemptions apply, within limits specified by the Reserve Bank, to foreign currency or coins, foreign currency accounts, and foreign exchange acquired through legitimate means including employment, business, gifts and inheritance. They also cover pre-existing foreign exchange and related income held outside India under permission, as well as qualifying gifts or inheritances received by residents. Additional foreign-exchange receipts may be exempted as specified. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 15:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2002 Section 9 creates specified exemptions from restrictions on possession, realisation and repatriation of foreign exchange. Exemptions apply, within limits specified by the Reserve Bank, to foreign currency or coins, foreign currency accounts, and foreign exchange acquired through legitimate means including employment, business, gifts and inheritance. They also cover pre-existing foreign exchange and related income held outside India under permission, as well as qualifying gifts or inheritances received by residents. Additional foreign-exchange receipts may be exempted as specified. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2002