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I am directed to refer to the subject mentioned above and to say that a representation has been received from the Stock Exchange, Mumbai stating that the Customs authorities are insisting on payment of Customs duty when shares held by NRIs abroad are re-imported for sale or dematerialization. It has been stated that presently the NRIs are allowed to invest in India shares and hold
Some of the companies, whose scrips were included in the list of securities for compulsory trading in dematerialised form for all investors, could not sign agreements and establish connectivity.
