TMI BlogWhich are the cases related to Remittance of Assets for which prior approval of RBI is to be sought for effecting the remittance?X X X X Extracts X X X X X X X X Extracts X X X X ..... nswer: RBI approval is required if: (i) Remittance is in excess of USD 1,000,000 (US Dollar One million only) per financial year: (a) on account of legacy, bequest or inheritance to a citizen of f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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