Pls advice. our company is manufacturer of IT Product. import Raw material Plastic for production purpose.our company has request foreign parties design mould plastic. and Foreign Parties Charges Debit Note for Moulding charges.
20 August 2013
Yes it is chargeable u/s 195 and you have to file return and comply with the provisions fo RBI for sending the remittance against the moulding charges as income has arisen in India.
CAclubindia
