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Liberalization Of Remittance Of Assets Regulation.

Publication: Mondaq Business Briefing
Publication Date: 28-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
With a view to provide greater flexibility, the Reserve Bank of India ("RBI") has vide its circular dated 16th November 2006 amended the Foreign Exchange Management (Remittance of Assets) Regulations, 2000 ("Regulation") by dispensing with the lock in period for remittance of sale proceeds of immovable property of Non-Resident...

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