https://www.taxtmi.com/manuals?id=2915 Section 9 of FEMA permits specified exemptions to the prohibitions on holding and repatriation of foreign exchange, allowing possession or retention within limits prescribed by the Reserve Bank, operation of foreign currency accounts for specified persons, and retention of foreign exchange acquired before 8 July 1947 or held under RBI permission. The RBI regulations set categories with unlimited possession, an aggregate cap for currency notes and travellers' cheques subject to source based conditions, and a carve out for residents not permanently resident who brought in foreign currency acquired abroad. en-us Fri, 23 Jun 2023 15:23:00 +0530 Tue, 17 Feb 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2915 Section 9 of FEMA permits specified exemptions to the prohibitions on holding and repatriation of foreign exchange, allowing possession or retention within limits prescribed by the Reserve Bank, operation of foreign currency accounts for specified persons, and retention of foreign exchange acquired before 8 July 1947 or held under RBI permission. The RBI regulations set categories with unlimited possession, an aggregate cap for currency notes and travellers' cheques subject to source based conditions, and a carve out for residents not permanently resident who brought in foreign currency acquired abroad. Manuals FEMA Fri, 23 Jun 2023 15:23:00 +0530 https://www.taxtmi.com/manuals?id=2915