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    <title>Payment of fees applicable to foreign portfolio investor</title>
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    <description>Registration fees are prescribed for foreign portfolio investors under Category I and Category II, payable to the designated depository participant before grant of registration and again for each successive block of three years during the validity of registration. A SWAGAT-FI follows a ten-year fee cycle. Certain international or multilateral agencies established outside India are exempt where privileges and immunities from taxes and duties have been granted by the Central Government. Designated depository participants must collect fees in advance, remit them to the Board, and account for applicable late fees and remittance timing.</description>
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      <description>Registration fees are prescribed for foreign portfolio investors under Category I and Category II, payable to the designated depository participant before grant of registration and again for each successive block of three years during the validity of registration. A SWAGAT-FI follows a ten-year fee cycle. Certain international or multilateral agencies established outside India are exempt where privileges and immunities from taxes and duties have been granted by the Central Government. Designated depository participants must collect fees in advance, remit them to the Board, and account for applicable late fees and remittance timing.</description>
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