RBI Guidelines for Import of Software etc
This query is : Resolved
29 October 2010
Are there any specific guidelines issued by RBI for import of software / services through data communication links... if yes pl specify
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
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
01 November 2010
Wow.. Fantastic resource...thanks a lot for the link..
01 November 2010
subrahmanyam ji "heartly welcome in ca club india"
thx
thx
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Invertaded duty struture
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
