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Industrial licence requirement: non-SSI units expanding reserved-item capacity must undertake export obligations subject to monitoring. Non-SSI units may expand or create capacity in respect of items reserved for the SSI sector only upon obtaining an Industrial licence under the Industries (Development and Regulation) Act; the licence requires the manufacturer to undertake an export obligation as specified by the Ministry and to furnish a Legal Undertaking to the Directorate General of Foreign Trade, which will monitor the export obligation.
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Provisions expressly mentioned in the judgment/order text.
Industrial licence requirement: non-SSI units expanding reserved-item capacity must undertake export obligations subject to monitoring.
Non-SSI units may expand or create capacity in respect of items reserved for the SSI sector only upon obtaining an Industrial licence under the Industries (Development and Regulation) Act; the licence requires the manufacturer to undertake an export obligation as specified by the Ministry and to furnish a Legal Undertaking to the Directorate General of Foreign Trade, which will monitor the export obligation.
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