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Foreign exchange acquired before which date is exempt from realisation and repatriation?

A8 July 1947
B26 January 1950
C1 April 1947
D15 August 1947
Answer & Solution
Correct answer: A. 8 July 1947
Section 9(c) exempts holdings acquired or received before 8 July 1947 and held abroad with RBI permission.
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