Indian Nationals on Overseas Deputation Can Now Remit Net Salary Abroad, Aligning with FEMA 1999 Rules.
The circular addresses the remittance of net salary for Indian nationals on deputation to India from overseas companies. Previously, only foreign nationals (excluding Pakistani nationals) could remit their net salary for maintaining close relatives abroad. The Reserve Bank has now extended this facility to Indian nationals employed by overseas companies on deputation in India. Authorised Dealers can allow these remittances after standard deductions. The circular, issued under FEMA 1999, aims to align the rules for Indian nationals with those applicable to foreign nationals, ensuring equitable treatment. The amendment to the Foreign Exchange Management Rules, 2000, reflects this change.
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