https://www.taxtmi.com/circulars?id=6383 The Circular consolidates FEMA rules on remittance facilities for NRIs/PIO and foreign nationals: defines NRI/PIO; allows repatriation of current income via NRO/NRE/FCNR(B) accounts; permits repatriation or remittance up to USD one million per financial year from NRO balances or sale proceeds subject to an undertaking and Chartered Accountant's certificate; allows repatriation of foreign-exchange-funded residential property proceeds (limited to two properties); prescribes nationality-based exclusions; treats students as NRIs for facilities; and requires Authorised Dealer banks to perform due diligence and retain documentation. en-us Wed, 01 Jul 2009 00:00:00 +0530 Fri, 22 Aug 2025 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6383 The Circular consolidates FEMA rules on remittance facilities for NRIs/PIO and foreign nationals: defines NRI/PIO; allows repatriation of current income via NRO/NRE/FCNR(B) accounts; permits repatriation or remittance up to USD one million per financial year from NRO balances or sale proceeds subject to an undertaking and Chartered Accountant's certificate; allows repatriation of foreign-exchange-funded residential property proceeds (limited to two properties); prescribes nationality-based exclusions; treats students as NRIs for facilities; and requires Authorised Dealer banks to perform due diligence and retain documentation. Circulars FEMA Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6383