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R & D CESS |
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Please advice whether R & D cess is presently appicable on import of technology or not.
If yes, then please provide some relevant circulars.
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R&D Cess is applicable on import of technology @ 5% on payments made towards import of technology. Refer R&D cess Act, 1986 (as amended in 1995) and R&D cess Rules, 1996 in the website.
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