Repatriation limit for NRI/PIO and foreign-national assets liberalised, with enhanced annual remittances subject to undertaking and exclusions. Authorised dealers may allow repatriation from NRO accounts and sale proceeds of assets up to USD 1 million per calendar year for NRIs/PIOs and foreign nationals, consolidating prior purpose-specific limits and requiring the undertaking and certificate prescribed in earlier circulars. Prohibition on repatriation to citizens of specified countries continues, the measure is time-limited and subject to review, and necessary amendments to the Foreign Exchange Management Regulations, 2000 are being issued.
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.
Repatriation limit for NRI/PIO and foreign-national assets liberalised, with enhanced annual remittances subject to undertaking and exclusions.
Authorised dealers may allow repatriation from NRO accounts and sale proceeds of assets up to USD 1 million per calendar year for NRIs/PIOs and foreign nationals, consolidating prior purpose-specific limits and requiring the undertaking and certificate prescribed in earlier circulars. Prohibition on repatriation to citizens of specified countries continues, the measure is time-limited and subject to review, and necessary amendments to the Foreign Exchange Management Regulations, 2000 are being issued.
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