Section 8
Realisation and repatriation of foreign exchange.
The Foreign Exchange Management Act, 1999
About this Act
An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
Save as otherwise provided in this Act,
where any amount of foreign exchange is due or has accrued to any person resident in India, such person
shall take all reasonable steps to realise and repatriate to India such foreign exchange within such period
and in such manner as may be specified by the Reserve Bank.