Remittance of assets in India acquired by way of inheritance/legacy/Foreign Nationals

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rs in Foreign Exchange Madam / Sirs, Remittance of assets in India acquired by way of inheritance/legacy/Foreign Nationals Attention of authorised dealers is invited to Regulation 4 of Reserve Bank Notification No.FEMA.13/2000-RB dated May 3, 2000 in terms of which, authorised dealers have been permitted to allow remittance upto Rs.20 lakhs per calendar year, out of the assets in India .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Origin (PIO) on production of the following :- documentary evidence in support of acquisition of assets by the remitter, and a tax clearance/No Objection Certificate from the Income-Tax authority for the remittance. 3. It will be also in order for the authorised dealers to allow remittances by a Non Resident Indian and Person of Indian Origin an amount not exceeding USD 100,000 (US .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X