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Can an individual, who has repatriated the amount remitted during the financial year, avail of the facility once again?

April 26, 2017avail facility financial individual remitted repatriated year

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Can an individual, who has repatriated the amount remitted during the financial year, avail of the facility once again?

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Once a remittance is made for an amount upto USD 200,000 during the financial year, he would not be eligible to make any further remittances under this route, even if the proceeds of the investments have been brought back into the country.

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Ans. Once a remittance is made for an amount up to USD 200,000 during the financial year, he would not be eligible to make any further remittances under this scheme, even if the proceeds of the investments have been brought back into the country.