TaxTMI 
TaxTMI 
Exemption from provisions relating to holding /repatriation of Foreign Exchange [ Section 9 ]
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....arned is realised and repatriated to India. However, in following cases, The foreign exchange can be held or need not be repatriated to India * Possession of foreign currency:- possession of foreign currency or foreign coins by any person up to such limit as the Reserve Bank may specify; * Foreign currency account :- foreign currency account held or operated by such person or class of persons....
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....itimate means up to such limit as the Reserve Bank may specify; and * RBI to specify by issuing regulations:- such other receipts in foreign exchange as the Reserve Bank may specify. Limits for possession and retention of foreign currency or foreign coins - [ Regulation 3 of the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 ] for the purpose of cla....
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....r anything done in India; or * (b) was acquired by him, from any person not resident in India and who is on a visit to India, * as honorarium or gift or for services rendered or in settlement of any lawful obligation; or * (c) was acquired by 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 ....