https://www.taxtmi.com/notifications?id=131425 The amendment inserts a definition of Special Non-Resident Rupee account and authorises rupee receipts and payments to and from SNRR accounts maintained by non-residents with an Authorised Dealer or Authorised Bank in India. Payments by debit to FCNR, NRE or SNRR accounts for overseas buyers and credits to SNRR accounts for overseas sellers are permitted, and rupee transfers to or from SNRR accounts are allowed provided the underlying transactions conform with the Foreign Exchange Management Act, 1999 and subordinate rules, regulations and directions. en-us Wed, 13 Nov 2019 00:00:00 +0530 Sat, 16 Nov 2019 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131425 The amendment inserts a definition of Special Non-Resident Rupee account and authorises rupee receipts and payments to and from SNRR accounts maintained by non-residents with an Authorised Dealer or Authorised Bank in India. Payments by debit to FCNR, NRE or SNRR accounts for overseas buyers and credits to SNRR accounts for overseas sellers are permitted, and rupee transfers to or from SNRR accounts are allowed provided the underlying transactions conform with the Foreign Exchange Management Act, 1999 and subordinate rules, regulations and directions. Notifications FEMA Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131425