List of payments of specified nature mentioned in Rule 37 BB

1. Indian investment abroad -in equity capital (shares) 2. Indian investment abroad -in debt securities 3. Indian investment abroad-in branches and wholly owned subsidiaries 4. Indian investment abroad -in subsidiaries and associates 5. Indian investment abroad -in real estate 6. Loans extended to Non-Residents 7. Advance payment against imports 8. Payment towards imports-settlement of invoice 9. Imports by diplomatic missions 10. Intermediary trade 11. Imports below Rs.5,00,000-(For use by ECD offices) 12. Payment- for operating expenses of Indian shipping companies operating abroad. 13. Operating expenses of Indian Airlines companies operating abroad 14. Booking of passages abroad -Airlines companies 15. Remittance towards business travel. 16. Travel under basic travel quota (BTQ) 17. Travel for pilgrimage 18. Travel for medical treatment 19. Travel for education (including fees, hostel expenses etc.) 20. Postal Services 21. Construction of projects abroad by Indian companies including import of goods at project site 22. Freight insurance – relating to import and export of goods 23. Payments for maintenance of offices abroad 24. Maintenance of Indian embassies abroad 25. Remittances by foreign embassies in India 26. Remittance by non-residents towards family maintenance and-savings 27. Remittance towards personal gifts and donations 28. Remittance towards donations to religious and charitable institutions abroad 29. Remittance towards grants and donations to other Governments and charitable institutions established by the Governments. 30. Contributions or donations by the Government to international institutions 31. Remittance towards payment or refund of taxes. 32. Refunds or rebates or reduction in invoice value on account of exports 33. Payments by residents for international bidding.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com

List of payments of specified

nature mentioned in Rule 37 BB

1. Indian investment abroad -in equity capital (shares) 2. Indian investment abroad -in debt securities 3. Indian investment abroad-in branches and wholly owned subsidiaries 4. Indian investment abroad -in subsidiaries and associates 5. Indian investment abroad -in real estate 6. Loans extended to Non-Residents 7. Advance payment against imports 8. Payment towards imports-settlement of invoice 9. Imports by diplomatic missions 10. Intermediary trade 11. Imports below Rs.5,00,000-(For use by ECD offices) 12. Payment- for operating expenses of Indian shipping companies operating abroad. 13. Operating expenses of Indian Airlines companies operating abroad 14. Booking of passages abroad -Airlines companies 15. Remittance towards business travel. 16. Travel under basic travel quota (BTQ) 17. Travel for pilgrimage 18. Travel for medical treatment 19. Travel for education (including fees, hostel expenses etc.) 20. Postal Services 21. Construction of projects abroad by Indian companies including import of goods at project site 22. Freight insurance – relating to import and export of goods 23. Payments for maintenance of offices abroad 24. Maintenance of Indian embassies abroad 25. Remittances by foreign embassies in India 26. Remittance by non-residents towards family maintenance and-savings 27. Remittance towards personal gifts and donations 28. Remittance towards donations to religious and charitable institutions abroad 29. Remittance towards grants and donations to other Governments and charitable institutions established by the Governments. 30. Contributions or donations by the Government to international institutions 31. Remittance towards payment or refund of taxes. 32. Refunds or rebates or reduction in invoice value on account of exports 33. Payments by residents for international bidding.
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