https://www.taxtmi.com/notifications?id=131426 The amendment defines the Special NonResident Rupee Account (SNRR account) for non-residents with business interest to carry out bona fide INR transactions, enumerates permitted categories (investments, imports, exports, trade credit/ECB lending, and specified IFSC unit receipts), requires business-specific account nomenclature and category-wise segregation, mandates certain provisions by substituting "shall" for "should", limits account tenure to the contract/business period not exceeding seven years with specified exceptions, and prescribes that nominee payments on death be credited to the nominee's NRO/NRE account or remitted through banking channels. en-us Wed, 13 Nov 2019 00:00:00 +0530 Sat, 16 Nov 2019 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131426 The amendment defines the Special NonResident Rupee Account (SNRR account) for non-residents with business interest to carry out bona fide INR transactions, enumerates permitted categories (investments, imports, exports, trade credit/ECB lending, and specified IFSC unit receipts), requires business-specific account nomenclature and category-wise segregation, mandates certain provisions by substituting "shall" for "should", limits account tenure to the contract/business period not exceeding seven years with specified exceptions, and prescribes that nominee payments on death be credited to the nominee's NRO/NRE account or remitted through banking channels. Notifications FEMA Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131426