law: Foreign Exchange Management Act, 1999 
  9. Exemption from realization and repatriation in certain
  
  cases 
  The provisions of sections 4 and 8 shall not apply to the
  
  following, namely:- 
  1. possession of foreign currency or foreign coins by any person
  
  up to such limit as the Reserve Bank may specify;
  2. foreign currency account held or operated
  
  by such person or class of persons and the limit up to which the Reserve Bank
  
  may specify;
  3. foreign exchange acquired or received
  
  before the 8th day of July, 1947 or any income arising or accruing thereon
  
  which is held outside India by any person in pursuance of a general or special
  
  permission granted by the Reserve Bank;
  4. foreign exchange held by a person resident
  
  in India up to such limit as the Reserve Bank may specify, if such foreign
  
  exchange was acquired by way of gift or inheritance from a person referred to
  
  in clause (c), including any income arising there from;
  5. foreign exchange acquired from employment,
  
  business, trade, vocation, services, honorarium, gifts, inheritance or any
  
  other legitimate means up to such limit as the Reserve Bank may specify; and
  6. such other receipts in foreign exchange as
  
  the Reserve Bank may specify.