What is Realisation and repatriation of foreign exchange? Section 8 of FEMA Act 1999
8. 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.
REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE
CONTRAVENTION AND PENALTIES