https://www.taxtmi.com/acts?id=2304 Regulation 3 allows possession without limit of foreign currency and coins by an authorised person within scope of authority and possession without limit of foreign coins by any person. It permits a resident to retain foreign currency notes, bank notes and travellers' cheques up to a specified aggregate equivalent provided the foreign exchange was acquired while visiting abroad as payment for services not arising from business in India; received from a non-resident visitor as honorarium, gift, payment for services, or settlement of a lawful obligation; received as honorarium or gift while abroad; or represents unspent travel foreign exchange from an authorised person. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 15:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2304 Regulation 3 allows possession without limit of foreign currency and coins by an authorised person within scope of authority and possession without limit of foreign coins by any person. It permits a resident to retain foreign currency notes, bank notes and travellers' cheques up to a specified aggregate equivalent provided the foreign exchange was acquired while visiting abroad as payment for services not arising from business in India; received from a non-resident visitor as honorarium, gift, payment for services, or settlement of a lawful obligation; received as honorarium or gift while abroad; or represents unspent travel foreign exchange from an authorised person. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2304