Regulatory Alerts2014-02-18
Added · Updated
FEPD Circular No. 08 : Remittance of cost of training and consultancy services
The remittance facility allowing up to 1% of annual sales for training and consultancy costs is extended to service sector industries within the purview of the Industrial Policy. Previously, this provision applied only to industrial enterprises engaged in manufacturing, processing, or assembling. Authorized Dealers must now permit such remittances for the newly included service sector entities based on contracts with foreign trainers or consultants.
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