Remittance of assets under FEMA is regulated through prescribed limits, documentation, and Reserve Bank approval for exceptional cases. Remittance of assets outside India is governed by FEMA regulations and Reserve Bank directions to authorised dealers. The directions define remittance of assets and related categories, permit specified remittances by foreign nationals, NRIs and PIOs within prescribed limits and conditions, and set out documentary requirements for companies under liquidation and branch or office closures. Prior Reserve Bank approval is required for remittances above the stated limit, in hardship cases, and for other unlisted remittances. All remittances are subject to applicable taxes in India.
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 assets under FEMA is regulated through prescribed limits, documentation, and Reserve Bank approval for exceptional cases.
Remittance of assets outside India is governed by FEMA regulations and Reserve Bank directions to authorised dealers. The directions define remittance of assets and related categories, permit specified remittances by foreign nationals, NRIs and PIOs within prescribed limits and conditions, and set out documentary requirements for companies under liquidation and branch or office closures. Prior Reserve Bank approval is required for remittances above the stated limit, in hardship cases, and for other unlisted remittances. All remittances are subject to applicable taxes in India.
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