SURRENDER OF FOREIGN EXCHANGE

It has been decided to prescribe a uniform period for surrender of received/ realised/ unspent / unused foreign exchange by resident individuals. Accordingly, it will be in order for any resident individual to surrender received/ realised / unspent / unused foreign exchange to an authorised person within a period of 180 days from the date of receipt / realisation / purchase / acquisition/ date of return of the traveller, as the case may be. In all other cases, the regulations/ directions on surrender requirement shall remain unchanged.