Indian government permits family residing overseas to ship as much as Rs 10 lakh with out disclosing it

 V/D/C NEWS:

The Union's Home Office has changed certain rules related to the Foreign Contribution (Regulation) Act (FCRA), which allows Indians to receive up to Rs 10 lakh in a year from relatives who are abroad without informing the authorities inform. The previous limit was Rs 1 lakh. In a note, the Home Office also said people now have 90 days to report to the government, instead of 30 days earlier if the amount is exceeded. The new rules, Foreign Contribution (Regulation).

Amendment Rules, 2022, were notified by the home ministry through a gazette notification on Friday night. "In the Foreign Contribution (Regulation) Rules, 2011, in rule 6, — for the words “one lakh rupees”, the words “ten lakh rupees” shall be substituted; and for the words “thirty days”, the words “three months” shall be substituted,” the notification said. Rule 6 deals with intimation of receiving foreign funds from relatives. It stated earlier that “any person receiving a foreign contribution in excess of Rs 1 lakh or equivalent thereto in a financial year from any of his relatives shall inform the central government (details of funds) within 30 days from the receipt of such contribution”.

Similarly, making changes in rule 9, which deals with the application to obtain 'registration' or 'prior permission' under the FCRA to receive funds, the amended rules have given individuals and organisations or NGOs 45 days to inform the home ministry about bank account (s) that are to be used for the utilisation of such funds. This time limit was 30 days earlier. The central government has also 'omitted' provision 'b' in rule 13, which dealt with declaring foreign funds including details of donors, amount received, and date of receipt, etc. every quarter on its website. Now, anyone receiving foreign funds under the FCRA will have to follow the existing provision of placing the audited statement of accounts on receipts and utilisation of the foreign contribution, including income and expenditure statement, receipt and payment account and balance sheet for every financial year beginning on the first day of April, within nine months of the closure of the financial year, on its official website or on the website as specified by the Centre. A provision where an NGO or an individual receiving foreign funds had to declare such contributions every quarter on its official website has also been done away with. In case of change of bank account, name, address, aims or key members of the organisation (s) receiving foreign funds, the home ministry has now allowed 45 days time to inform it, instead of the previous 15 days. The home ministry had made the FCRA rules tougher in November 2020, making it clear that NGOs which may not be directly linked to a political party but engage in political action like bandhs, strikes or road blockades will be considered of a political nature if they participate in active politics or party politics.