Foreign collaboration reporting requires annual RBI return detailing remittances, royalties, technical assistance and certification compliance. Enterprises in foreign collaboration must file Form TCD annually to the Reserve Bank of India, reporting calendar year remittances by purpose (know how ... Summary
Enterprises in foreign collaboration must file Form TCD annually to the Reserve Bank of India, reporting calendar year remittances by purpose (know how fee, royalty, dividend/profit, others), dates of agreement and commencement, total royalty period, cumulative royalty accounting (domestic and export sales, rates, amounts, percentages), lump sum and recurring know how/royalty totals, and sales values on which royalties were paid. The return also requires disclosure of foreign technicians and Indian trainees (numbers, man days, fees), utilisation and inflow of foreign exchange since project inception, supporting certificates, explanations for incomplete technical delivery, and a certified statement of compliance with prior RBI approvals.
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