Possession of foreign exchange by a person resident In India but not permanently resident therein

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..... rmanently resident therein: - Without prejudice to 1 [clause (iii) of Regulation 3], a person resident in India but not permanently resident therein may possess without limit foreign currency in the form of currency notes, bank notes and travellers cheques, if such foreign currency was acquired, held or owned by him when he was resident outside India and, has been brought into India in accor .....

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