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Can the investment made under the PIS be repatriated?

April 26, 2017Investment PIs repatriated

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Can the investment made under the PIS be repatriated?

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The repatriation of the sale proceeds are allowed if the original purchase was made on repatriation basis and the sources of investment were from NRE/FCNR account or by means of remittance from abroad. If the orginal purchase was made from NRO a/c then the sale proceeds are not repatriable.