Surrender of foreign exchange by an Indiviudal resident in India - FEMA Ready Reckoner - FEMA

Surrender of foreign exchange by an indiviudal resident in India Period for surrender of received/ realised/ unspent/ unused foreign exchange by Resident individuals [ Regulation 7 of Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015 ] A person being an individual resident in India shall surrender the received realised unspent unused foreign exchange whether in the form of currency notes, coins and travellers cheques , etc. to an authorised person within a period of 180 days from the date of such receipt / realisation / purchase / acquisition or date of his return to India, as the case may be.