Deposit exemptions under FEMA permit diplomatic and specified foreign accounts repatriation without Reserve Bank approval. Regulation 4 exempts specified deposits from the Deposit Regulations: rupee accounts of foreign diplomatic missions and personnel; Diplomatic Bond Stores Accounts subject to inward remittance or permitted transfer credits, superscribed cheque leaves, restricted debits for local disbursements or bonded-stock purchases, and repatriation without Reserve Bank approval; foreign currency accounts for diplomatic missions, personnel and certain non-diplomatic staff with credit and conversion restrictions, permitted account forms, dealer-determined interest and repatriation without Reserve Bank approval; plus rupee accounts of residents of Nepal and Bhutan and deposits of multilateral organisations and their officials.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit exemptions under FEMA permit diplomatic and specified foreign accounts repatriation without Reserve Bank approval.
Regulation 4 exempts specified deposits from the Deposit Regulations: rupee accounts of foreign diplomatic missions and personnel; Diplomatic Bond Stores Accounts subject to inward remittance or permitted transfer credits, superscribed cheque leaves, restricted debits for local disbursements or bonded-stock purchases, and repatriation without Reserve Bank approval; foreign currency accounts for diplomatic missions, personnel and certain non-diplomatic staff with credit and conversion restrictions, permitted account forms, dealer-determined interest and repatriation without Reserve Bank approval; plus rupee accounts of residents of Nepal and Bhutan and deposits of multilateral organisations and their officials.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
