Chartered Accountant certificate requirement for foreign television advertisement remittances relaxed where prior export receipts tracked through same authorised dealer. Remittances for advertisement charges on foreign television may be processed without insisting on a Chartered Accountant's certificate of export earnings where the required export earnings in each of the two preceding years have been realised through the same Authorised Dealer making the remittance. In all cases, a Chartered Accountant's certificate must be obtained for each remittance certifying that the payment represents advertisement charges for telecast in foreign countries and not in India alone; authorised dealers must inform their constituents. Directions issued under Sections 10(4) and 11(1) of FEMA, 1999.
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Provisions expressly mentioned in the judgment/order text.
Chartered Accountant certificate requirement for foreign television advertisement remittances relaxed where prior export receipts tracked through same authorised dealer.
Remittances for advertisement charges on foreign television may be processed without insisting on a Chartered Accountant's certificate of export earnings where the required export earnings in each of the two preceding years have been realised through the same Authorised Dealer making the remittance. In all cases, a Chartered Accountant's certificate must be obtained for each remittance certifying that the payment represents advertisement charges for telecast in foreign countries and not in India alone; authorised dealers must inform their constituents. Directions issued under Sections 10(4) and 11(1) of FEMA, 1999.
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