TaxTMI 
TaxTMI 
R & D CESS
20 Nov 2010 
1 Reply 
1559 Views Asked by
Guest 
R&D cess applicability on imported technology clarified; cess levied on payments for imported technology under relevant legislation.
Applicability of R&D cess on payments for imported technology: the cess is chargeable on payments made for import of technology, and the statutory framework is the R&D Cess Act, 1986 (as amended) together with the R&D Cess Rules, 1996; readers are referred to those provisions on the official website for details. (AI Summary)
Applicability of R&D cess on payments for imported technology: the cess is chargeable on payments made for import of technology, and the statutory framework is the R&D Cess Act, 1986 (as amended) together with the R&D Cess Rules, 1996; readers are referred to those provisions on the official website for details. (AI Summary)
Please advice whether R & D cess is presently appicable on import of technology or not. If yes, then please provide some relevant circulars.