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Reserve Bank of India Formalities Summary Required To Be Fulfilled by Companies in India For Export & Import / Foreign Investment
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Reserve Bank of India Formalities Summary Required To Be Fulfilled by Companies in India For Export & Import / Foreign Investment
RBI FORMALITIES
1) Valuation of Technology
2) Approval of Exchange Control Department
3) Payment is permitted if the item is not in the negative list.
4) Automatic Approval - See Page 192 of WTO International Trade –
Institute Bank
5) Foreign Exchange Management (Current Account Transaction Rules 2000, Page 3.6 – Foreign Exchange Manual
6) Deduction of Tax At Source – Sec. 195 of the Income Tax Act,
Certificate from a Chartered Accountants.
7) FEMA Forms : FT(RG1)
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