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Name : K Srivastava
Subject: Para10C24A of ECM
Query : This para and form RCI stipulate that a Chartered Accountant's certificate should be furnished for the income/interest etc. sought to be repatriated to prove that it is eligible for remittance.

Is this certificate necessary even if income consists of only interest of NRO accounts?

What are circumstances/incomes for that a bank should not insist upon a CA's certificate?


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