Rupee gifts to NRI close relatives allowed; credit to recipient NRO account subject to LRS overall limit compliance. Resident individuals may make rupee gifts to NRI/PIO close relatives by crossed cheque or electronic transfer, with the amount credited to the recipient's NRO account as an eligible credit. Gifts must comply with the overall limit under the Liberalised Remittance Scheme and the donor is responsible for ensuring LRS limits are not exceeded. AD banks are to implement the facility pending amendments to the Deposit Regulations and FEMA notification, and the directions are issued under FEMA subject to other legal permissions.
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.
Rupee gifts to NRI close relatives allowed; credit to recipient NRO account subject to LRS overall limit compliance.
Resident individuals may make rupee gifts to NRI/PIO close relatives by crossed cheque or electronic transfer, with the amount credited to the recipient's NRO account as an eligible credit. Gifts must comply with the overall limit under the Liberalised Remittance Scheme and the donor is responsible for ensuring LRS limits are not exceeded. AD banks are to implement the facility pending amendments to the Deposit Regulations and FEMA notification, and the directions are issued under FEMA subject to other legal permissions.
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