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Foreign / technical Collaboration / technology transfer
-Automatic route: In case the lump sum 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 certain prescribed criteria.
-Otherwise, Permission from RBI is required
-RBI may give permission with registration number with respect to foreign collaboration.
-Form TCD in respect to each collaboration under registration number granted by RBI at the time of approval, shall be filed
annually in duplicate, within first fortnight of January. The form should be counter signed by Authorized dealer.
-Certificate of CA shall be filed with TCD.