Assessee (earlier
known as, Privi Bio Enhancers Pvt. Ltd), in technical collaboration with
Ultima International SARL of Luxembourg, is a marketing company and
marketing
payment of royalty pursuant to
Technical Collaboration Agreement between Bureau
Veritas India Pvt Ltd. and AE namely Bureau Veritas
SA, France, ignoring that the payment
trading of
cold rolled steel. The assessee firm was promoted with
technical collaboration with M/s Firth Steel Ltd, U.K., which
was later
8371/10
exchange inflow and outflow during the period of collaboration. In
the said working, the appellant had evidently bought out foreign
exchange outflow ... price of products manufactured and sold in India as per the
technical collaboration agreement. This international
transaction involving payment of royalty
8371/10
exchange inflow and outflow during the period of collaboration. In
the said working, the appellant had evidently bought out foreign
exchange outflow ... price of products manufactured and sold in India as per the
technical collaboration agreement. This international
transaction involving payment of royalty
then sought an
amendment from the DIPP, which gave the foreign technical collaboration
approval on 23.4.2004 with certain terms and conditions. Taking
cognizance ... held that the
rate of royalty approved by DIPP is towards collaboration/
manufacturing/technical knowhow agreement towards which the RBI
permitted royalty
regards the technology
transfer fees, the assessee has entered into the technical collaboration
agreement with MC for production of International grade bivoltine silk
cocoons ... agreement dated 25.10.1995 shows that the technical
collaboration agreement had been entered into for starting a nursery of 125
acres and going upto
amount of Rs. 1,08,65,976 payable to the foreign collaborators for technical know-how fees. He ought not to have done ... Prior to the occurrences of these events, it neither accrues to the collaboration nor is paid.
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Due to the express provision of Section 35AB
housing project on the land, had collaborated with
EBPL which had the necessary technical knowhow as well as the
finance for putting up the construction
rendering services as chemical engineers, importing certain technical know-how developed by it, in collaboration with foreign collaborator Dr. Herman Stage and also erects chemical