RBI Guidelines for Import of Software etc

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Subrahmanyam (Querist)
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29 October 2010 Are there any specific guidelines issued by RBI for import of software / services through data communication links... if yes pl specify

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 November 2010 AS PER PROVISION:-
Authorised dealers may allow remittances towards import of software through Datacom channels/Internet and also for import of drawings and designs through E-Mail/Fax, on production of the following documents by the applicant, as applicable.
i. A declaration from the importer that the software/drawings and designs in question, have been actually received by him from the overseas licensor/supplier.
ii. Invoice stating the details of software/drawings and designs supplied, in support of the amount to be remitted.
iii. User's licence authorising the importer to use the software/drawings and designs.
iv. Copies of E-mail/Fax certified by the officials of the remitter, at the level of Company Secretary/Financial Director/ Adviser.
NOTE:- Authorised dealers should advise importers to keep Custom authorities informed of the imports made by them under this paragraph.

For more info click on below mentioned path:-
https://www.rbi.org.in/scripts/ECMUserView.aspx?Id=32#a_26

Subrahmanyam

Subrahmanyam (Querist)
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01 November 2010 Wow.. Fantastic resource...thanks a lot for the link..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 November 2010 subrahmanyam ji "heartly welcome in ca club india"

thx

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