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Period for surrender in certain cases

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..... ho has acquired or purchased foreign exchange for any purpose mentioned in the declaration made by him to an authorised person under sub-section (5) of Section 10 of the Act does not use it for such purpose or for any other purpose for which purchase or acquisition of foreign exchange is permissible under the provisions of the Act or the rules or regulations or direction or order made thereunder, .....

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..... eller to India, when the unspent foreign exchange is in the form of travellers cheques. ************************* Note : 1. For the words An person , the words Any person not being an individual resident in India has been substituted vide Notification No. 169/2007 dated 23/10/2007 (w.e.f. 18th day of May, 2007) 2. For the words purchased by any person , the words purchased by any person not being .....

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