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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 pro .....

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C.2. Interest on Import Bills(i) AD Category - I bank may allow payment of interest on usance bills or overdue interest on delayed payments for a period of less than three years from the date of shipment at the rate prescribed for trade credit from .....

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