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<h1>Prohibition on remittance of assets held in India; remittances generally barred but central bank may grant permission.</h1> Prohibition on remittance of assets held in India prevents any person, resident or non-resident, from remitting out of India any asset held in India by them or by any other person, except as otherwise provided by the Act, rules, or regulations, or where the Reserve Bank, for sufficient reasons, permits such remittance.