Tax compliance requirement for outward remittance: remittances permitted only after payment of applicable Indian taxes. The amendment conditions specified outward remittances on payment of applicable taxes in India, if any, by inserting that requirement across Regulation 4 provisions governing general remittances and NRI/PIO remittances, deletes certain sub clauses and conjunctive words to streamline text, adds tax payment as an express item in Regulation 4(4), and revises Regulation 7 so authorised dealers may permit remittances only subject to Reserve Bank directions and payment of applicable Indian taxes, if any.
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Provisions expressly mentioned in the judgment/order text.
Tax compliance requirement for outward remittance: remittances permitted only after payment of applicable Indian taxes.
The amendment conditions specified outward remittances on payment of applicable taxes in India, if any, by inserting that requirement across Regulation 4 provisions governing general remittances and NRI/PIO remittances, deletes certain sub clauses and conjunctive words to streamline text, adds tax payment as an express item in Regulation 4(4), and revises Regulation 7 so authorised dealers may permit remittances only subject to Reserve Bank directions and payment of applicable Indian taxes, if any.
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