Subscribe to BCA Journal Know More

December 2009

Royalties and fees for technology transfer

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d

New Page 1

Part D : Miscellaneous

  1. Royalties and fees for technology transfer

The Union cabinet has approved a proposal of the Department
of Industrial Policy & Promotion, Ministry of Commerce & Industry to permit
all payment for royalty, lump sum fee for transfer of technology, payment for
use of trademark/brand name on the automatic route without any restrictions,
and subject to FEMA(Current Account Transaction) Rules, 2000. To get the
information about the nature/details of technology and the amount paid for it,
a suitable post reporting requirement would be devised within three months in
consultation with the Department of Economic Affairs and Reserve Bank of
India.

Download PDF

You May Also Like

Social Security Agreement with Netherlands

Business/Employment visa