https://www.taxtmi.com/circulars?id=1940 Refunds of purchase consideration for non-allotment or cancellation may be credited to NRE/FCNR accounts, with interest net of tax, provided the original payment originated from the holder's NRE/FCNR account or remittance from outside India and the authorised dealer is satisfied about the genuineness of the transaction. en-us Tue, 12 Nov 2002 00:00:00 +0530 Fri, 10 Oct 2008 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1940 Refunds of purchase consideration for non-allotment or cancellation may be credited to NRE/FCNR accounts, with interest net of tax, provided the original payment originated from the holder's NRE/FCNR account or remittance from outside India and the authorised dealer is satisfied about the genuineness of the transaction. Circulars FEMA Tue, 12 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1940