Liberalised Remittance Scheme: residents may retain foreign investment income but must repatriate unused foreign exchange promptly. Under the Liberalised Remittance Scheme residents may retain and reinvest income earned on overseas investments; however, received, realised, unspent or unused foreign exchange, unless reinvested, must be repatriated and surrendered to an authorised person within a specified time-bound repatriation period, and additional repatriation requirements under the Overseas Investments Rules must be observed.
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.
Liberalised Remittance Scheme: residents may retain foreign investment income but must repatriate unused foreign exchange promptly.
Under the Liberalised Remittance Scheme residents may retain and reinvest income earned on overseas investments; however, received, realised, unspent or unused foreign exchange, unless reinvested, must be repatriated and surrendered to an authorised person within a specified time-bound repatriation period, and additional repatriation requirements under the Overseas Investments Rules must be observed.
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