alleryStart learning →Repatriating foreign exchange includes
AGifting it to a family member
BDepositing it with a foreign bank
CSelling it to an authorised person
DConverting it into gold bullion
Answer & Solution
Correct answer: C. Selling it to an authorised person
Section 2(y)(i) includes selling the realised foreign exchange to an authorised person in India in exchange for rupees.
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