International Taxation — An Overview

FOREIGN EXCHANGE LAWS

This module contains materials on foreign exchange law applicable in India. It contains the most comprehensive Foreign exchange manual, RBI & & Central Govt. Notifications, etc.

PRESS NOTE NO. 4 (2005 SERIES) Dt : 31-8-05 investment by Non-resident Indians (NRI) made in foreign exchange on non-repatriable basis was allowed to be made fully repatriable whereas investment made in Indian rupees through rupee account continued to remain non-rapatriable. .... view all press notes

Foreign Direct Investment in India - Transfer of Shares/Convertible Debentures by way of Sale - Simplification of Procedures ... AP (DIR Series circular No.16 dated 04-10-2004 and AP (DIR Series circular No.38 dated 03-12-2003

Exchange Earners' Foreign Currency (EEFC) Account Scheme - Liberalisation ...
AP (DIR Series) Circular No.96 dated 15-06-2004,
AP (DIR Series) Circular No.78 dated 14-02-2003,
AP (DIR Series) Circular No.62 dated 17-12-2002,
AP (DIR Series) Circular No.34 dated 31-10-2002,
AP (DIR Series) Circular No.11 dated 14-08-2002

FEMA 1999 - Current Account Transactions - Remittance for maintenance of close relatives abroad-Requests of Indian Nationals on deputation to India from Overseas Companies ... AP (DIR Series circular No.86 dated 17-04-2004

External Commercial Borrowings (ECB)...
AP (DIR Series) Circular No.82 dated 01-04-2004,
AP (DIR Series) Circular No.75 dated 23-03-2004,
AP (DIR Series) Circular No.60 dated 31-01-2004,
AP (DIR Series) Circular No.36 dated 14-12-2003,
AP (DIR Series) Circular No.29 dated 18-10-2003,
AP (DIR Series) Circular No.82 dated 01-03-2003,
AP (DIR Series) Circular No.23 dated 17-09-2002,
AP (DIR Series) Circular No.22 dated 17-09-2002,
AP (DIR Series) Circular No.08 dated 05-08-2002

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals ... AP (DIR Series) Circular No.80 dated 18-3-2004 and AP (DIR Series) Circular No.64 dated 4-2-2004

Liberalised Remittances Facilities to NRIs/PIO and Foreign Nationals ...
AP (DIR Series circular No.62 dated 31-01-2004,
AP (DIR Series circular No.67 dated 13-01-2003,
AP (DIR Series circular No.01 dated 02-07-2002

RBI issued Master Circular for Direct Investment in JVs/WOS Abroad .....
click here for the Master Circular by RBI and
AP (DIR Series) Circular No.57 dated 13-01-2004,
AP (DIR Series) Circular No.42 dated 06-12-2003,
AP (DIR Series) Circular No.41 dated 06-12-2003,
AP(DIR Series)Circular No.107 dated 19-06-2003,
AP (DIR Series) Circular No.97 dated 29-04-2003,
AP (DIR Series) Circular No.83 dated 01-03-2003,
AP (DIR Series) Circular No.66 dated 13-01-2003

Foreign Investments in India Acquisition and Transfer of Immovable Property and repatriation of sale proceed ...
AP (DIR Series) Circular No.43 dated 08-12-2003,
AP (DIR Series) Circular No.93 dated 09-06-2003,
AP (DIR Series) Circular No.21 dated 03-05-2000

Indian Students Studying Abroad - Revision in the Residential Status ... AP (DIR Series) Circular No. 45 dated 08-12-2003

The Memorandum of Instructions on Project and Service Exports (PEM) has been revised ...  AP (DIR Series) Circular No.32 dated 28-12-2003

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2003 (includes sectoral cap) ... FEMA 94/2003-RB dated 18-06-2003

No Tax in India for Mauritius FIIS says Supreme Court ... click here for details click here for the full text of Supreme Court Judgement

Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts) ... click here for the notification by RBI

Interest rates on FCNR (B) Deposits ... click here for the notification by RBI

Guidelines for Classification and Valuation of Investments - Clarifications / Modifications ... click here for the full Guidelines by RBI

Ministry of Finance Issued Latest Guidelines for Euro Issues ... click here for the full Press Note

Sale, Purchase, etc., of Immovable Property in India ..... click here for the Synopsis by RBI

by K.K.Ramani & N.C.Jain

* GUIDE FOR NRIs AND FOREIGN COs.>>

by K.K.Ramani & N.C.Jain

COMMENTARIES>>

• NRI - FEMA and Taxation (October-2003)
• Not Ordinarily Resident

ARTICLES  >>

• Benefits of Investment through Mauritius

• Bank Deposit Schemes available to Non-Resident Indians (NRIs)
• Foreign Exchange Bank Deposit Schemes available to Resident Indians

CREDIT POLICY 2004-05>>

• Mid-term Review of Monetary and Credit Policy for the year 2004-05
• Annual Monetary and Credit Policy for the Year 2004-2005

FOREIGN TRADE POLICY 2004-2009>>

• Commerce & Industry Minister's Speech  
• Foreign Trade Policy  
• Foreign Trade Procedures  
• DGFT Notifications 
• DGFT Circulars
• DGFT Public Notice
• DEL Guidelines

IN FOREIGN EXCHANGE LAWS>>

• Taxation of NRIs
• Taxation of Foreign Companies
• Important Judgements
• Press Release

ALLIED ACTS & RULES>>

• FERA, 1973

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• Foreign Trade (Development & Regulation) Act, 1992 (Notifications)
• Foreign Trade (Regulation) Rule, 1993

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• Foreign Contribution (Regulation) Act, 1976
• Foreign Contribution (Regulation) Rule, 1976
• Foreign Contribution Regulations, 1978

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• The Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974
• The Smugglers and Foreign Exchange Manipulators Act, 1976
• Smugglers and Foreign Exchange Manipulators Rules, 1977s

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• Appellate Tribunal for Forfeited Property (Procedure) Rules, 1986
• Appellate Tribunal for Forfeited Property (Fees) Rules, 1987

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• Euro Issue
• Issue of Foreign Currency Convertible Bonds

MEMORANDA>>

• Restricted Money Changers
• Full Fledged Money Changers
• Project Export & Service Export