Remittance of assets in India acquired by way of inheritance/legacy/Foreign Nationals

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.... Madam / Sirs, Remittance of assets in India acquired by way of inheritance/legacy/Foreign Nationals Attention of authorised dealers is invited to Regulation 4 of Reserve Bank Notification No.FEMA.13/2000-RB dated May 3, 2000 in terms of which, authorised dealers have been permitted to allow remittance upto Rs.20 lakhs per calendar year, out of the assets in India to foreign nationals, includin....

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....the following :- * documentary evidence in support of acquisition of assets by the remitter, and * a tax clearance/No Objection Certificate from the Income-Tax authority for the remittance. 3. It will be also in order for the authorised dealers to allow remittances by a Non Resident Indian and Person of Indian Origin an amount not exceeding USD 100,000 (US Dollar one lakh only) per calendar....