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Can sale proceeds of immovable property inherited by an NRI/PIO from a resident Indian be repatriated?

April 26, 2017immovable indian inherited NRI PIO proceeds Property repatriated resident sale

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Can sale proceeds of immovable property inherited by an NRI/PIO from a resident Indian be repatriated?

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A.62 Yes. Sale proceeds not exceeding US$ 1 million can be repatriated subject to production of documentary evidence of inheritance & tax clearance certificates to the authorized dealer. Prior permission of the RBI would be required for citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China or Iran. This facility is not available for citizens of Nepal & Bhutan.