Asset remittance permissions allow eligible foreign citizens, NRIs and PIOs to repatriate qualifying Indian assets subject to conditions. Eligible foreign citizens may remit qualifying retirement, inherited or legacy assets through an authorised dealer, subject to documentary proof and an ... Summary
Asset remittance permissions allow eligible foreign citizens, NRIs and PIOs to repatriate qualifying Indian assets subject to conditions.
Eligible foreign citizens may remit qualifying retirement, inherited or legacy assets through an authorised dealer, subject to documentary proof and an annual remittance ceiling. Non-Resident Indians and Persons of Indian Origin may remit qualifying NRO balances, asset-sale proceeds, inherited assets, or assets under qualifying settlement deeds, with specified undertakings for NRO remittances. Instalment remittances must be made through the same authorised dealer. Remittance from assets of Indian companies in liquidation requires compliance with the relevant liquidation order and prescribed auditor's certificates.
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