RBI Guidelines for Import of Software etc
This query is : Resolved
Subrahmanyam
(Querist)
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
(Expert)
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
Subrahmanyam
(Querist)
01 November 2010
Wow.. Fantastic resource...thanks a lot for the link..
RAMESH KUMAR VERMA
(Expert)
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
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
