https://www.taxtmi.com/forum/issue?id=423 Trading by a wholly foreign owned Indian subsidiary-importing stainless steel from its foreign parent and selling domestically-raises whether FIPB approval is required or the automatic route applies. The advisory notes trading activities face sectoral caps and restrictions under the FIPB route and refers to the FEM (Transfer of Issue of Security by a person Resident Outside India) Regulation for the applicable approval conditions. en-us Wed, 18 Apr 2007 15:32:56 +0530 Thu, 23 Jan 2025 15:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=423 Trading by a wholly foreign owned Indian subsidiary-importing stainless steel from its foreign parent and selling domestically-raises whether FIPB approval is required or the automatic route applies. The advisory notes trading activities face sectoral caps and restrictions under the FIPB route and refers to the FEM (Transfer of Issue of Security by a person Resident Outside India) Regulation for the applicable approval conditions. Discussion-Forum Service Tax Wed, 18 Apr 2007 15:32:56 +0530 https://www.taxtmi.com/forum/issue?id=423