Liberalization of Foreign Technology Agreement policy and procedures

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....beralise the FDI regime, the Government has reviewed its policy governing the payment of royalties under Foreign Technology Collaboration. 2. Presently, wholly owned subsidiaries are permitted to make payment of royalty up to 8% on exports and 5% on domestic sales to their offshore parent companies on the automatic route without any restriction on the duration of the royalty payments. However, r....