https://www.taxtmi.com/circulars?id=8074 Drawal of foreign exchange for payment of royalties and lump-sum consideration under technical collaboration agreements no longer requires prior approval of the Ministry of Commerce and Industry; Authorised Dealer Category I banks may permit such remittances pursuant to the amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, subject to FEMA powers and other applicable legal permissions. en-us Thu, 13 May 2010 00:00:00 +0530 Fri, 14 May 2010 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8074 Drawal of foreign exchange for payment of royalties and lump-sum consideration under technical collaboration agreements no longer requires prior approval of the Ministry of Commerce and Industry; Authorised Dealer Category I banks may permit such remittances pursuant to the amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, subject to FEMA powers and other applicable legal permissions. Circulars FEMA Thu, 13 May 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8074