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Is dividend/interest earned in respect of investments made under the 100 per cent Scheme freely remittable to the NRIs abroad?

April 26, 2017cent dividend earned freely investments NRI remittable respect Scheme

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Is dividend/interest earned in respect of investments made under the 100 per cent Scheme freely remittable to the NRIs abroad?

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Dividend/interest can be remitted except in the case of consumer goods industries where the outflow on account of dividend is required to be balanced by export earnings of the company either in the year of declaration of dividend or in the years prior to the declaration of dividend.