Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Date: 01-11-2002
Notification No: RBI A P D (Series)Circular No 35/2002
Issuing Authority: RBI  
Type: A.P.D.(Series) Circulars
File No:
Subject: Lifting of Lock-in Period for Repatriation of Sale Proceeds of Immovable Property Situated in India
Lifting of Lock-in Period for Repatriation of Sale Proceeds of Immovable Property Situated in India

A.P. (DIR Series) Circular No. 35 date 1st November 2002

Attention of authorised dealers is invited to Regulation 6 (b) (ii) of Reserve Bank Notification No. FEMA 21/ 2000-RB dated May 3, 2000 in terms of which authorised dealers have been permitted to allow Non-Resident Indians/ Persons of Indian origin (NRIs/ PIOs) to repatriate sale proceeds of immovable property (other than agricultural land/ farmhouse/ plantation property) in India, provided the sale takes place after three years from the date of acquisition of such property or from the date of payment of final installment of consideration for its acquisition, whichever is later.

2.     Reserve Bank has issued Notification No. FEMA 65/ 2002-RB dated June 29, 2002 (copy enclosed) amending the Notification cited above, removing the existing lock-in period for repatriation of the sale proceeds of immovable property purchased in India by NRIs/ PIOs.

Accordingly, it will be in order for authorised dealers to allow remittance of sale proceeds of immovable property in India acquired by NRIs/ PIOs, irrespective of the period for which the property was held. The sale proceeds allowed to be repatriated should, however, not exceed the foreign exchange brought in to acquire the property.

3.     Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned.

4.     The directions contained in the circular have been issued under Section 10 (4) and Section 11 (1) of the Foreign Exchange Management Act, 1999 (42 of 1999).

 

Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2002

FEMA Notification No. 65 dated 29th June 2002

In exercise of powers conferred by clause (1) 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 of India makes the following amendments to Foreign Exchange Management (Acquisition and transfer of immovable property in India) Regulations 2000, namely:

1.

(i)     These Regulations may be called the �Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2002.

(ii)    They shall come into force on their publication in the Official Gazette.

2.     In the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, the condition No. (ii) of clause (b) of Regulation 6 shall be deleted and the subsequent conditions (iii) and (iv) shall be renumbered as (ii) and (iii) respectively.

 

 

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 31-07-2025
Notification No. 49/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver

Date: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001