Foreign Technology Collaboration – Royalty Payment. Payment under the automatic route.
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.
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.