Limits for Possession and Retention of Foreign Currency or Foreign Coins

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Full Text of the Document

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....ause (e) of Section 9 of the Act, the Reserve Bank specifies the following limits for possession or retention of foreign currency or foreign coins, namely :- (i) possession without limit of foreign currency and coins by an authorised person within the scope of his authority ; (ii) possession without limit of foreign coins by any person; (iii) retention by a person resident in India of foreig....