What are the parameters for foreign technology transfer under the Automatic Route of RBI ?
Ans. In case the lumpsum payment does not exceed US$ 2 million and payment of royalty does not exceed 5% on domestic sale and 8% on export sale, RBI may register the agreement and grant approval for remittance under the Automatic Route, if prescribed criteria are complied with. Q. Where Automatic Route of RBI for technology transfer is not available Ans. Proposals which do not satisfy the parameters prescribed for automatic approval by RBI, require clearance from Government of India. If the terms of any technical collaboration agreement are beyond the above mentioned parameters, the Reserve Bank will register the agreement after the company submits copy of specific permission from Government of India. Further, in terms of the policy laid down by the Government, no Automatic Approval shall be granted by the RBI for Technology Transfer proposals for any item reserved for Small Scale Sector or for any item which requires Industrial Licence. Automatic Route is also not available if the Tec
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