https://www.taxtmi.com/circulars?id=11827 Amendment to the Single-Brand Product Retail Trading FDI policy permits 100% FDI with government approval but requires that only one non-resident entity, whether brand owner or licensee, undertake single-brand retailing for a specific brand through a legally tenable agreement; the Indian operating company must ensure compliance and submit the licensing agreement. FDI beyond a majority threshold requires domestic sourcing of thirty per cent of goods' value, preferably from MSMEs and related suppliers, self-certified and auditable, initially averaged over five years and thereafter annually. E-commerce retailing by FDI-backed single-brand companies is prohibited. en-us Thu, 20 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11827 Amendment to the Single-Brand Product Retail Trading FDI policy permits 100% FDI with government approval but requires that only one non-resident entity, whether brand owner or licensee, undertake single-brand retailing for a specific brand through a legally tenable agreement; the Indian operating company must ensure compliance and submit the licensing agreement. FDI beyond a majority threshold requires domestic sourcing of thirty per cent of goods' value, preferably from MSMEs and related suppliers, self-certified and auditable, initially averaged over five years and thereafter annually. E-commerce retailing by FDI-backed single-brand companies is prohibited. Circulars FEMA Thu, 20 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11827