Section 2: Definitions the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015. Central Regulations · 1999
In these Regulations, unless the context requires otherwise, -
(i) 'Act' means Foreign Exchange Management Act, 1999 (42 of 1999);
(ii) 'Authorised Dealer' means a person authorised as an authorised dealer under sub-section (1) of Section 10 of the Act;
(iii) 'foreign exchange due' means the amount which a person has a right to receive or claim in foreign exchange;
(iv) 'surrender' means the selling of foreign exchange to an authorised person in India in exchange of rupees;
(v) the words and expressions used but not defined in these regulations shall have the same meanings respectively assigned to them in the Act.
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