https://www.taxtmi.com/acts?id=37927 Repatriation of sale proceeds is prohibited without Reserve Bank permission; authorised dealers may allow repatriation by NRIs or OCIs only if the property was acquired under applicable foreign exchange laws, the purchase was paid through permitted foreign exchange channels or specified non-resident accounts, and repatriation from residential properties is restricted to proceeds from no more than two properties. For enforcement of external commercial borrowings secured by immovable property, authorised dealer banks may permit sale to a person resident in India and repatriation of proceeds only towards that specific loan's outstanding dues. en-us Sat, 19 Oct 2019 16:27:43 +0530 Thu, 29 May 2025 16:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37927 Repatriation of sale proceeds is prohibited without Reserve Bank permission; authorised dealers may allow repatriation by NRIs or OCIs only if the property was acquired under applicable foreign exchange laws, the purchase was paid through permitted foreign exchange channels or specified non-resident accounts, and repatriation from residential properties is restricted to proceeds from no more than two properties. For enforcement of external commercial borrowings secured by immovable property, authorised dealer banks may permit sale to a person resident in India and repatriation of proceeds only towards that specific loan's outstanding dues. Act-Rules FEMA Sat, 19 Oct 2019 16:27:43 +0530 https://www.taxtmi.com/acts?id=37927