Section 4: Manner of Repatriation

the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015.Central Regulations · 1999

(1) On realisation of foreign exchange due, a person shall repatriate the same to India, namely bring into, or receive in, India and –

(a) sell it to an authorised person in India in exchange for rupees; or

(b) retain or hold it in account with an authorised dealer in India to the extent specified by the Reserve Bank; or

(c) use it for discharge of a debt or liability denominated in foreign exchange to the extent and in the manner specified by the Reserve Bank.

(2) A person shall be deemed to have repatriated the realised foreign exchange to India when he receives in India payment in rupees from the account of a bank or an exchange house situated in any country outside India, maintained with an authorised dealer.

Where this provision sits

Act	the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015.
Section	4
Marginal note	Manner of Repatriation
Jurisdiction	Central
Status	In force as published by the source

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