In-house R&D approval: companies must show defined R&D programs, DSIR recognition and separate audited R&D accounts. Companies applying for approval of the Prescribed Authority must have well defined, documented R&D programmes, valid DSIR recognition, separate earmarked ... Summary
In-house R&D approval: companies must show defined R&D programs, DSIR recognition and separate audited R&D accounts.
Companies applying for approval of the Prescribed Authority must have well defined, documented R&D programmes, valid DSIR recognition, separate earmarked R&D premises with exclusive R&D staff, and separate audited accounts reporting capital and recurring R&D expenditures; eligibility is confined to biotechnology or manufacturing businesses not producing items specified in the Eleventh Schedule.
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