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Can such overseas assets covered by the general permission / exemption be utilised freely?

April 26, 2017assets Covered freely overseas permission utilised

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Can such overseas assets covered by the general permission / exemption be utilised freely?

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Yes, The resident donees or legal heirs can freely utilise overseas assets covered by the general permission/exemption assets as well as income earned thereon or sale proceeds received subsequently, for bonafide payments in foreign currency.