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Can sale/maturity proceeds of Government securities/units allowed to be repatriated abroad?

April 26, 2017abroad allowed government maturity proceeds repatriated sale securities units

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Can sale/maturity proceeds of Government securities/units allowed to be repatriated abroad?

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Yes, provided such securities were purchased out of funds remitted from abroad or out of NRE/FCNR accounts. If the securities were purchased out of funds in NRO accounts, then the sale/maturity proceeds of such securities can only be credited to NRO accounts and cannot be remitted abroad.