Taxes and Remittance of sale Proceeds

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..... Taxes and Remittance of sale Proceeds. 7.1. Taxes All transaction under these regulations shall be undertaken through banking channels in India and subject to payment of applicable taxes and o....

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....s) to the seller of such instrument resident outside India - Provided - (i) the instrument was held by the seller on repatriation basis; and (ii) Reserve Bank's approval....