Liberalisation of royalty and technology payments permits automatic approval for royalties, technology transfer fees and trademark use payments. The amendment omits Item 8 of Schedule II to the Current Account Transactions Rules, thereby permitting payments for royalty, lump-sum technology transfer fees and payments for use of trademark/brand name on the automatic route; the rule is deemed effective retrospectively from 16 December 2009 to give immediate effect to the liberalisation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liberalisation of royalty and technology payments permits automatic approval for royalties, technology transfer fees and trademark use payments.
The amendment omits Item 8 of Schedule II to the Current Account Transactions Rules, thereby permitting payments for royalty, lump-sum technology transfer fees and payments for use of trademark/brand name on the automatic route; the rule is deemed effective retrospectively from 16 December 2009 to give immediate effect to the liberalisation.
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