https://www.taxtmi.com/circulars?id=4164 Royalty for use of a foreign collaborator's trademark and brand name is payable under the automatic route and, where technology transfer occurs, is subsumed by the technology royalty. Royalty must be calculated as a percentage of net sales, with net sales defined as gross sales less agents'/dealers' commission, transport costs including ocean freight, insurance, duties, taxes and other charges, and the cost of raw materials, parts and components imported from the foreign licensor or its subsidiary/affiliate. en-us Thu, 03 Jan 2002 00:00:00 +0530 Tue, 30 Sep 2008 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4164 Royalty for use of a foreign collaborator's trademark and brand name is payable under the automatic route and, where technology transfer occurs, is subsumed by the technology royalty. Royalty must be calculated as a percentage of net sales, with net sales defined as gross sales less agents'/dealers' commission, transport costs including ocean freight, insurance, duties, taxes and other charges, and the cost of raw materials, parts and components imported from the foreign licensor or its subsidiary/affiliate. Circulars FEMA Thu, 03 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4164