https://www.taxtmi.com/circulars?id=2029 Issue of equity shares is permitted against lump sum technical know how fees, royalties and ECBs in convertible foreign currency already due for payment/repayment, provided all applicable tax liabilities are met, prescribed procedures are followed, and Reserve Bank/SEBI pricing guidelines are observed; 'import payables' is limited to payables for technical know how and specified items, while import dues treated as trade credit or ECBs are excluded from conversion. en-us Fri, 14 Nov 2003 00:00:00 +0530 Fri, 03 Oct 2008 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2029 Issue of equity shares is permitted against lump sum technical know how fees, royalties and ECBs in convertible foreign currency already due for payment/repayment, provided all applicable tax liabilities are met, prescribed procedures are followed, and Reserve Bank/SEBI pricing guidelines are observed; 'import payables' is limited to payables for technical know how and specified items, while import dues treated as trade credit or ECBs are excluded from conversion. Circulars FEMA Fri, 14 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2029