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    <title>Taxes and Remittance of sale Proceeds</title>
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    <description>Transactions involving debt instruments must be undertaken through banking channels in India and are subject to applicable taxes, duties and levies. Sale proceeds may be remitted to a non-resident seller, net of applicable taxes, where the instrument was held on a repatriation basis and applicable Schedule conditions are met. Other sales and related remittances require Reserve Bank approval. Authorised dealers may permit inward and outward remittances for permitted derivatives transactions.</description>
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