https://www.taxtmi.com/forum/issue?id=2371 Payment from India for tools developed abroad requires that the tools be imported into India within the stipulated period; if the tools are to be retained overseas and payments remitted from India, prior permission from the banking regulator is required before effecting foreign exchange remittance, and bank and customs formalities must be coordinated to ensure compliance. en-us Wed, 17 Nov 2010 09:53:52 +0530 Thu, 23 Jan 2025 15:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2371 Payment from India for tools developed abroad requires that the tools be imported into India within the stipulated period; if the tools are to be retained overseas and payments remitted from India, prior permission from the banking regulator is required before effecting foreign exchange remittance, and bank and customs formalities must be coordinated to ensure compliance. Discussion-Forum FEMA Wed, 17 Nov 2010 09:53:52 +0530 https://www.taxtmi.com/forum/issue?id=2371