Foreign Exchange Management Act, 1999

8. Realisation and repatriation of foreign exchange.- 

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 realize and repatriate to India such foreign exchange within such period and in such manner as may be specified¹ by the Reserve Bank.

1. FEMA (Realisation, Repatriation and Surrender of Foreign Exchange ) Regulations,2000