21. Foreign property.
There shall not be included in the property passing on the death of the deceased--
immovable property situated 1[ outside India];
movable property situated 1[ outside India] at the time of the death unless--
in the case of any property, whether settled or not, the deceased was domiciled in 2[ India] at the time of his death; or
in the case of settled property of which the deceased was a life tenant, the settlor was domiciled in 2[ India] at the date the settlement took effect.
The Board may make rules regulating the manner in which the nature and locality of different classes of assets shall be determined for the purposes of this section.