Field classification clarifies applicability of automatic route foreign collaborations; only proposals matching prior ventures' NIC codes apply. Defines 'same field' as the four digit NIC 1987 code and 'allied field' as the three digit NIC 1987 code for determining applicability of the Press Note on automatic route foreign/technical collaborations where the foreign collaborator has prior ventures or tie ups in India; only proposals matching those NIC classifications in respect of past or existing joint ventures in India attract the Press Note.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Field classification clarifies applicability of automatic route foreign collaborations; only proposals matching prior ventures' NIC codes apply.
Defines "same field" as the four digit NIC 1987 code and "allied field" as the three digit NIC 1987 code for determining applicability of the Press Note on automatic route foreign/technical collaborations where the foreign collaborator has prior ventures or tie ups in India; only proposals matching those NIC classifications in respect of past or existing joint ventures in India attract the Press Note.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
