RBI Formalities for Import Export

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Reserve Bank of India Formalities Summary Required To Be Fulfilled by Companies in India For Export & Import / Foreign Investment

RBI FORMALITIES

1)    Valuation of Technology

2)    Approval of Exchange Control Department

3)    Payment is permitted if the item is not in the negative list.

4)    Automatic Approval -  See Page 192 of WTO International Trade –

                                         Institute Bank

5)    Foreign Exchange Management (Current Account Transaction Rules 2000, Page 3.6 – Foreign Exchange Manual

6)    Deduction of Tax At Source – Sec. 195 of the Income Tax Act,

      Certificate from a Chartered Accountants.

7)    FEMA Forms : FT(RG1)

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