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

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.... To All Authorised Dealers in Foreign Exchange 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,....

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.... Bhutan or a person of Indian Origin (PIO) on production of 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....