Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

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....gement (Possession and Retention of Foreign Currency) Regulations, 2015 G.S.R. 1006(E).-In exercise of the powers conferred by clause (a) and clause (e) of Section 9, clause (d) and clause (g) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 11/ 2000-RB dated May 3, 2000, as amended from time to time, the Re....

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....ame meaning respectively assigned to them in the Act. 3. Limits for possession and retention of foreign currency or foreign coins:- For the purpose of clause (a) and clause (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 a....

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.... him by way of honorarium or gift while on a visit to any place outside India; or (d) represents unspent amount of foreign exchange acquired by him from an authorised person for travel abroad. 4. Possession of foreign exchange by a person resident In India but not permanently resident therein:- Without prejudice to clause (iv) of Regulation 3, a person resident in India but not perm....