Remittance of sale proceeds: regulation conditions permit net remittance via authorised dealers subject to repatriation or RBI approval. Transactions in debt instruments must be undertaken through Indian banking channels and are subject to applicable taxes. Remittance of sale proceeds to non residents is allowed only under the Regulations and relevant Schedule; an authorised dealer may remit proceeds net of taxes if the instrument was held on a repatriation basis or where Reserve Bank approval for sale and remittance has been obtained, and authorised dealers may permit remittances for permitted derivatives transactions.
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.
Remittance of sale proceeds: regulation conditions permit net remittance via authorised dealers subject to repatriation or RBI approval.
Transactions in debt instruments must be undertaken through Indian banking channels and are subject to applicable taxes. Remittance of sale proceeds to non residents is allowed only under the Regulations and relevant Schedule; an authorised dealer may remit proceeds net of taxes if the instrument was held on a repatriation basis or where Reserve Bank approval for sale and remittance has been obtained, and authorised dealers may permit remittances for permitted derivatives transactions.
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