FEMA, (Acquisition And Transfer Of Immovable Property Outside India), Regulations 2000. Short title and commencement Definitions Restriction on acquisition or transfer of immovable property outside India Exemptions Acquisition and Transfer of Immovable Property outside India Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2000 Notification No.FEMA 7/2000-RB dated 3rd May 2000 - In exercise of the powers conferred by clause (h) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations relating to acquisition and transfer of immovable property outside India, namely :- Short title and commencement :- These Regulations may be called the Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) (Amendment) Regulations, 2003. These shall come into effect on their publication in the Official Gazette. (Above (i) & (ii) has been amended vide Notification No :. FEMA 103/2003-RB, DT. 13/10/2003) "Pre-Revised These regulations may be called the Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2000. They shall come into force on 1st day of June, 2000." Definitions :- In these regulations, unless the context requires otherwise, – ‘Act’ means the Foreign Exchange Management Act, 1999 (42 of 1999) ; the words and expressions used but not defined in these Regulations shall have the same meanings respectively assigned to them in the Act. Restriction on acquisition or transfer of immovable property outside India :- Save as otherwise provided in the Act or in these regulations, no person resident in India shall acquire or transfer any immovable property situated outside India without general or special permission of the Reserve Bank. Exemptions :- Nothing contained in these regulations shall apply to the property – held by a person resident in India who is a national of a foreign state ; acquired by a person resident in India on or before 8th July 1947 and continued to be held by him with the permission of the Reserve Bank. Acquisition and Transfer of Immovable Property outside India :- A person resident in India may acquire immovable property outside India, - by way of gift or inheritance from a person referred to in sub-section (4) of Section 6 of the Act, or referred to in clause (b) of regulation 4; by way of purchase out of foreign exchange held in Resident Foreign Currency (RFC) account maintained in accordance with the Foreign Exchange Management (Foreign Currency accounts by a person resident in India) Regulations, 2000; A person resident in India, who has acquired immovable property outside India under sub-regulation (1) of this regulation, may transfer it by way of gift to his relative who is a person resident in India; Reserve Bank may, on an application made to it, permit a company incorporated in India having overseas offices, to acquire immovable property outside India for its business and for residential purpose of its staff, subject to such terms and conditions as may be considered necessary. (Above sub-regulation (3) has been added vide Notification No. FEMA 103/2003-RB, DT. 13/10/2003) Explanation : For the purposes of this regulation, ‘relative’ in relation to an individual means husband, wife, brother or sister or any lineal ascendant or descendant of that individual.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 08-04-2021 Committed to growth, RBI maintains accommodative stance Date: 08-04-2021 Tata Power puts 400 MW of new solar capacity on stream Date: 08-04-2021 Citroen C5 Aircross SUV priced at Rs 30L Date: 08-04-2021 US to India: Explain new agri cess, RoDTEP scheme Date: 08-04-2021 US trade deficit jumps 4.8% to USD 71.1 billion in February Date: 06-04-2021 RBI likely to keep rates unchanged, continue accommodative stance Date: 06-04-2021 Dollar drops with yields despite strengthening US recovery Date: 06-04-2021 UNDP India, Spices Board India ink MoU for blockchain-powered system Date: 06-04-2021 FIMI urges govt to remove trade barriers imposed due to e-auction mechanism Date: 06-04-2021 Pakistan issues tender for 50,000 tonnes sugar import, but not from 'banned' countries like India What is New? Date: 20-04-2021 Notification No. 27/2021–Customs Seeks to exempt customs duty on import of Remdesivir injection, Remdesivir API and Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir, up to 31st October, 2021. Date: 20-04-2021 Notification No. 23/2021-Customs (ADD) Seeks to amend notification No. 50/2018-Customs (ADD) dated 5th October, 2018 imposing anti-dumping duty on imports of nylon filament yarn originated in or exported from Vietnam and European Union , to exclude goods of certain specification from the scope of the anti-dumping duty. Date: 15-04-2021 Notification No.43/2021 - Customs (N.T.) Exchange rates Notification No.43/2021-Cus (NT) dated 15.04.2021 Date: 15-04-2021 Notification No. 42/2021-CUSTOMS (N.T.) Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Date: 15-04-2021 Notification No. 44/2021-Customs (N.T.) Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018 Date: 15-04-2021 Notification No. 22/2021-Customs (ADD) Seeks to amend notification No. 14/2016-Customs (ADD), dated 21-04-2016, so as to extend the applicability of the said notification up to and inclusive of 20th October, 2021. Date: 13-04-2021 Public Notice No. 01/2015-2020 Allocation of additional quantity of 3675.13 MT (raw/refined) sugar to UK under TRQ scheme for the year 2020-21 Date: 12-04-2021 Notification No. 21/2021-Customs (ADD) Seeks to impose anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years. Date: 11-04-2021 Notification No. 01/2015-2020 Amendment in Export Policy of Injection Remdesivir and Remdesivir API. Date: 09-04-2021 Public Notice No. 53/2015-2020-DGFT Late cut for MEIS applications for exports made in the Financial Year 2019-20
Indian Customs CBEC - Indian Customs Offices Indian Customs Duty Customs Exchange Rate HS Code List - Countrywise Safegaurd Duty Anti Dumping Duty Duty Drawback Rates
DGFT Dgft offices in India Exim Policy IEC Number Dgft Notification Dgft Public Notices Dgft Circulars Trade Notice Depb Rates
Central Excise Central Excise Offices Central Excise Duty Central Excise Notification Central Excise Notification tarrif Central Excise Notification Non-Tarrif Central Excise Circulars Central Excise Instruction Central Excise Manual