For remittance on account of royalty, Form TCR was required ealier (I presume under FERA). Whether the same form is still required in case the royalty remittance is within the limit of 5%/8% i.e. under automatic route? If no, is there ant specific form under FEMA which is required to be filled in and submitted for remittance of royalty outside India?
Thanks.
| Originally posted by :Surbhi Jain | ||
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As per the automatic route only intimation has 2 be given to rbi within 30 dayz of payment of royalty upto 2 million dollar , and rate of royalty is within limits of automatic route.......i.e 8% for export sales nd 5% for domestic sales (technical collobration) or for domestic 1% domestic nd 2% for export sales otherwise. |
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