External Commercial Borrowings (ECB) Policy – Import of Services, Technical know-how and License Fees

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....al know-how and License Fees Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and the A.P. (DIR Series) Circular No. 5 dated August 1, 2005 relating to the External Commercial Borrowings (ECB), as amended from ....

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....(i) there should be a duly signed agreement between the service provider and the borrower company; (ii) the original invoice raised by the service provider as per the payment schedule in the agreement should be duly certified by the borrower company; (iii) declaration by the importer that the entire expenditure on import of services will be capitalised; (iv) declaration by the importer th....