Question

A person be an individual resident in india shall surrender the received foreign exchange weather in the form of currency notes coins and travel the success to unauthorised person within a period of how many days from the date of such respect or date of his return to india as the case may be

Answer 1

Answer:

it should be surrendered to an authorised person within a period of 60 (sixty) days from the date of its purchase.

Explanation:

According to Foreign Exchange Management Act , 1999 - Foreign Travel A.P. (DIR Series) Circular No.19 (October 30, 2000). if the foreign currency purchased and not utilised should be retured to the goverment within the period of 60 days of return to India without fail. If not produced the foreign currency will be treated as null and void.