Surrender of foreign exchange by person other than an individual resident of Inida

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....n and Surrender of Foreign Exchange) Regulations, 2015 ] * Foreign Exchange acquired or purchased by person (other than individual resident in India) for any purpose mentioned in the declaration made by him to an authorised person under sub-section (5) of Section 10 of the FEMA Act does not use it for permissible purpose * should be surrender the same to authorised person within 60 days from d....

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....a, when the unspent foreign exchange is in the form of travellers cheques. 3. Period for surrender of realised foreign exchange:- Foreign exchange due or accrued by a person (other than individual resident in India) shall sell the realised foreign exchange to an authorised person under clause (a) of sub-regulation (1) of regulation 4, within the period specified below; (1) within 7 days from th....