https://www.taxtmi.com/acts?id=20320 Regulations permit authorised persons unlimited possession of foreign currency and coins within their authority and allow any person unlimited possession of foreign coins. Residents may retain foreign currency notes, bank notes and travellers' cheques up to a prescribed aggregate limit provided the foreign exchange was acquired while abroad for non business services, received from a visiting non resident as gift/honorarium/payment or settlement of a lawful obligation, received as gift/honorarium while abroad, or represents unspent foreign exchange obtained for travel. en-us Fri, 01 Jan 2016 17:54:23 +0530 Tue, 17 Jun 2025 16:34:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20320 Regulations permit authorised persons unlimited possession of foreign currency and coins within their authority and allow any person unlimited possession of foreign coins. Residents may retain foreign currency notes, bank notes and travellers' cheques up to a prescribed aggregate limit provided the foreign exchange was acquired while abroad for non business services, received from a visiting non resident as gift/honorarium/payment or settlement of a lawful obligation, received as gift/honorarium while abroad, or represents unspent foreign exchange obtained for travel. Act-Rules FEMA Fri, 01 Jan 2016 17:54:23 +0530 https://www.taxtmi.com/acts?id=20320