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All About Money Transfer Service Scheme (MTSS)
FEMA
CA. Kapil Mittal

All About Money Transfer Service Scheme (MTSS)

In India, remittances are allowed to be sent to foreign countries. Such remittances are called outward remittances. Similarly, remittances are also allowed to be received by a company or entity set up in India. Remittances which are received in India are called as inward remittances. The Reserve Bank of India (RBI) is the main regulatory authority dealing with foreign exchange transactions within the country. 

Persons who are living outside India are required to send funds to India on a very frequent basis for their family maintenance. Therefore, Money Transfer Service Scheme (MTSS) is formed to make the process of inward remittance for individuals easy.

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FDI in Multi Brand Retail Trading and Single Brand Retail Trading
FEMA
CA. Kapil Mittal

FDI in Multi Brand Retail Trading and Single Brand Retail Trading

Brand gives identification to any company or any product. A Brand may represent the name of the business that manufactures multiple products under the same brand name or a brand may represent a product that a company manufactures out of multiple other brands. The brand provides identification to the product or the company worldwide.

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Foreign Direct Investment in e-commerce entities
FEMA
CA. Kapil Mittal

Foreign Direct Investment in e-commerce entities

FDI are given in the Consolidated FDI Policy issued by the Department for Promotion of Industry and Internal Trade. In this article, a detailed discussion is carried out related to FDI in e-commerce entities and related terms and conditions.

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What are the Major Roles and Duties of Authorised Dealer
FEMA
CA. Kapil Mittal

What are the Major Roles and Duties of Authorised Dealer

In Foreign Exchange Management Act, 1999 (“FEMA”) most of the roles and responsibilities are assigned to Authorised Dealers(“AD”). These Authorised Dealers play a huge role under FEMA. They are entrusted with various duties and important roles that contribute to the safer and better implementation of the rules laid down under the Act. In this article you will get an elaborate insight about Authorised Dealer and their various roles and responsibilities

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RBI Guidelines on Merchant Trade Transaction
Tax Planning & Optimization
CA. Kapil Mittal

RBI Guidelines on Merchant Trade Transaction

For the purpose of monitoring Merchant Trading Transactions, RBI has issued guidelines for Merchant Trade Transactions (“MTT”). These guidelines have been amended various times over the period of time based on changes in the market and transactions. The latest guidelines were issued vide circular No. RBI/2019-20/152 A.P. (DIR Series) Circular No.20 dated 23rd January, 2020.

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Trade Credit under FEMA
FEMA
CA. Kapil Mittal

Trade Credit under FEMA

Trade Credit is a very popular term in daily business transactions. Trade Credit is a source of short-term financing wherein the Supplier provides an agreed credit period to the buyer to make payment for the supply of goods or services without any interest. 

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