Eximkey - India Export Import Policy 2004 2013 Exim Policy
LEG [Paragraphs 13 B.16, 8 C.3 and 11 D.16]Application for remittance of legacies, bequests or inheritances to beneficiaries resident outside IndiaInstructions:1. The application should be completed in duplicate and submitted through an authorised dealer in foreign exchange to the office of Reserve Bank under whose jurisdiction the applicant resides. Documentation: 2. Certified copy of the probate together with a copy of the Will annexed thereto, or letters of administration or succession certificate, as the case may be, in respect of the Indian assets of the deceased person. 3. Certificate in original together with a photocopy from the concerned authorities to show that no liabilities are outstanding in respect of the estate of the deceased person on account of Income-tax, Wealth-tax, Capital Gains tax, etc. 4. A statement of Indian assets of the deceased person, indicating the form in which they are held as also the place where they are held. The number and date of Reserve Banks approval for holding or acquiring shares of Indian companies and immovable property should be indicated, wherever applicable.5. A signed statement showing how the remittable amount has been arrived at, accompanied by a certificate stating that all liabilities of the estate in India have been met or adequately provided for. 1. Particulars of the deceased person : 1. (i) Name (i) (ii) Nationality (ii) (iii) Country of permanent residence (iii) at the time of death (iv) Date and place of demise (iv) (v) Whether the deceased was residing in (v) India at any time during his life time; if so, state period 2. Particulars of the beneficiary/ies : 2. (i) Name/s (i) (ii) Nationality/ies (ii) (iii) Country/ies of permanent residence (iii)3. (a) If the beneficiary/ies is/are Indian 3. (a) national/s or person/s of Indian origin having foreign nationality/ies please indicate - (i) Whether he/they was/were residing (i) in India at any time (state period) (ii) Whether either of his/their parents (ii) was/were residing in India at any time (state period) (iii) Full particulars of exchange facilities (iii) availed of by him/them at the time of his/their departure from India for settlement in the foreign country/ies and thereafter, quoting reference number/s and date/s of Reserve Banks letter/s of approval obtained in the matter (If no exchange facilities were availed of at the time of departure, a statement to that effect should be made and the approximate date/s of departure/s from India, for settlement in the foreign country/ies indicated) (b) If the beneficiary/ies is/are foreign national/s (b) of non-Indian origin please indicate - (i) Whether he/they was/were residing in (i) India at any time (state period) (ii) If so, the date/s of permanently retiring (ii) from India may be indicated, quoting reference number/s and date/s of Reserve Banks letters of approval for release of exchange at the time of his/their departure/s. 4. Whether the deceased person had made 4. investments in India under various NRI investment schemes, while residing outside India. If so, please give full details of such investments quoting reference number/s and date/s of Reserve Banks letter/s of approval as under: (i) Investments made on non-repatriation (i) basis (ii) Investments made with repatriation (ii) benefits5. Details of the Indian assets of 5. the deceased person. 6. Whether legal representation to the estate 6. of the deceased person has been obtained in India/abroad. 7. Amount of remittance applied for and 7. how it has been arrived at. 8. Name and address of authorised dealer 8. through whom the remittance is desired to be made. I/We hereby declare that the particulars given above and the documents submittedHerewith are true and correct to the best of my/our knowledge and belief. I/We also declare that I/We have not made any application to any other office of the Reserve Bank of India for the same purpose. Place : ............................. .............................................Date : ............................. (Signature/s of Applicant)
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