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Interest on Delayed Payment of Royalty

FEMA - Started By: - Baranidharan S - Dated:- 7-8-2015 Last Replied Date:- 5-9-2016 - Hi, Whether Interest is permissible for delayed payment of Royalty to the foreign collaborator? if yes what is the maximum rate of interest permissible?. Please provide the relevant provisions also.Whether the interest rate applicable to trade credit (LIBOR+3.50%) is applicable only for Goods and not applicable to import of services. whether this argument is correct?Thanks - Reply By YAGAY AND SUN - The Reply = .....

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