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Period for surrender in certain cases

Regulation 6 - Regulation - FEMA - Regulation 6 - 6. :- (1) Any person not being an individual resident in India who has acquired or purchased foreign exchange for any purpose mentioned in the declaration made by him to an authorised person under sub .....

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e thereunder, shall surrender such foreign exchange or the unused portion thereof to an authorised person within a period of sixty days from the date of its acquisition or purchase by him. (2) Notwithstanding anything contained in sub-regulation (1), .....

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