Section 5: Period for surrender of realised foreign exchange

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

A person not being an 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) foreign exchange due or accrued as remuneration for services rendered, whether in or outside India, or in settlement of any lawful obligation, or an income on assets held outside India, or as inheritance, settlement or gift, within seven days from the date of its receipt;

(2) in all other cases within a period of ninety days from the date of its receipt.

Where this provision sits

Act	the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015.
Section	5
Marginal note	Period for surrender of realised foreign exchange
Jurisdiction	Central
Status	In force as published by the source

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