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Royalty Payment under the automatic route.

This query is : Resolved 
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(Querist)
06 August 2008 Foreign Technology Collaboration – Royalty Payment.
Payment under the automatic route.


RBI issued the circular:
Foreign Technology Collaboration – Royalty Payment – Liberalisation
A.P. (DIR Series) Circular No.5 (July 21, 2003)

As per the above Circular following condition is mentioned in point no.3

All cases of payment of royalty under the automatic route will continue to require prior
registration with Reserve Bank in terms of Rule 5 read with item 14 of Schedule III of the
Foreign Exchange Management (Current Account Transactions) Rules, 2000 as notified under the Notification No.G.S.R.381(E) dated May 3, 2000 of the Government of India.

We will be obliged if anybody can provide/guide to get the copy of Notification No.G.S.R.381(E) dated May 3, 2000 of the Government of India.

Thanks
Nitin
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
02 October 2008 This is already answered.
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