Validity period of 15ca 15cb certificates & remittance mode

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2013 NRI wants to remit $ 100 abroad.so he obtained 15CA and 15CB certificates from a Chartered Accountant which are issued on 01/01/2013 for $ 100 :-

i have 2 questions :-

1) Within how many days NRI can remit funds for which he has obtained above certificates. is there any period specified under any guidelines which specifies the period before which he should remit funds failing of which certificates stand invalid.

2) can i remit funds in installment for eg : i have got a certificate for $ 100 then can i remit $ 10 in first month, $ 20 in second month and balance $ 70 in third month ? or do i have to remit the entire amount specified on a certificate i.e.
$ 100 at one time only ?

PLSS HELP..!!!!

CA Sumat Singhal

CA Sumat Singhal (Expert)
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15 January 2013 Dear Anonymous;
In my opinion
certificate is valid for a year and company is required to remit the same with in a FY
no such restriction in instalments payment.
opinions are invited.
regards,
CA Sumat Singhal

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2013 CA Sumat Mangal..

Thanks for your help..

so u mean certificate is valid per financial year ?so if i have issued on 1/1/2013, it will be valid till 31/03/13 ?

are there any guidelines specified anywhere?
or it depends upon the Bank's terms and conditions?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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02 August 2025 Let's clarify your queries about **Form 15CA and 15CB certificates** validity and remittance mode for NRIs:

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### 1) **Validity Period of 15CA and 15CB Certificates:**

* **No explicit validity period is prescribed under the Income Tax Act or RBI regulations** for Form 15CA/15CB certificates.

* However, in **practice and as per RBI/authorized dealer (bank) norms**, the certificates are generally considered **valid for the Financial Year (FY) in which they are issued**.

* For example, if a 15CA/15CB is issued on 01/01/2013, it is typically valid **till 31 March 2013** (end of the FY).

* Some banks or authorized dealers may insist that the remittance should be done within a **reasonable time frame** (usually a few months) to ensure that the certificate reflects the current transaction.

* The **RBI Foreign Exchange Manual** and **Authorised Dealer (AD) guidelines** don’t specify a fixed number of days but emphasize timely utilization of certificates for remittance.

* **If the certificate is used beyond the FY or after a long delay, banks may demand a fresh certificate** to ensure that the transaction details are up to date and tax compliances are met.

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### 2) **Remittance in Installments?**

* The certificate mentions a **particular amount (e.g., \$100)**, but **it does not mean the entire amount must be remitted in one go**.

* You **can remit the amount in installments**, for example:

* \$10 in the first month,
* \$20 in the second month,
* Balance \$70 in the third month,

* The total remittance must not exceed the amount mentioned in the certificate (unless a new certificate is obtained for the additional amount).

* Banks usually allow installment remittances against the same certificate within the validity period.

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### **Summary:**

| Query | Clarification |
| ------------------------------ | -------------------------------------------------------------------------------------------------------------------------- |
| Validity period of certificate | Usually valid for the FY in which issued (e.g. till 31 Mar 2013 if issued on 01/01/2013). No fixed days specified legally. |
| Remittance in installments | Allowed. Total amount remitted should not exceed certificate amount within validity. |

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### **Additional Suggestion:**

* Always check with the **authorized dealer (bank)** for their specific policy on certificate validity and installment remittances, as practices may vary.

* To be safe, **complete remittances within the same FY or obtain a fresh certificate** for the next FY.

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If you want, I can help draft a checklist for remittance compliance or a note for your bank. Would you like that?

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