https://www.taxtmi.com/circulars?id=54266 A resident entitled to foreign exchange must realise and repatriate it to India, selling it to an authorised person for rupees, holding it with an authorised dealer as permitted by the Reserve Bank, or using it to discharge foreign currency liabilities as specified. Receipt in rupees from an overseas bank or exchange house account maintained with an authorised dealer is deemed repatriation. Specified surrender periods apply for non individuals, unspent acquired foreign exchange, travel balances, and resident individuals, and currency of Nepal and Bhutan is exempted. en-us Thu, 04 Feb 2016 00:00:00 +0530 Thu, 04 Feb 2016 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54266 A resident entitled to foreign exchange must realise and repatriate it to India, selling it to an authorised person for rupees, holding it with an authorised dealer as permitted by the Reserve Bank, or using it to discharge foreign currency liabilities as specified. Receipt in rupees from an overseas bank or exchange house account maintained with an authorised dealer is deemed repatriation. Specified surrender periods apply for non individuals, unspent acquired foreign exchange, travel balances, and resident individuals, and currency of Nepal and Bhutan is exempted. Circulars FEMA Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54266