https://www.taxtmi.com/circulars?id=3497 Certain domestic manufacturing companies (excluding proprietorships and partnerships) will not be treated as newcomers if registered with Central Excise and State sales tax authorities (and having paid duties/taxes unless exempted), furnish audited balance sheets, and meet the minimum plant and machinery investment threshold. When these conditions are satisfied, the licensing authority shall endorse export licences to require bond or bank guarantee as per Department of Revenue terms; the change has retrospective effect. en-us Wed, 19 Feb 2003 00:00:00 +0530 Sat, 29 Dec 2007 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3497 Certain domestic manufacturing companies (excluding proprietorships and partnerships) will not be treated as newcomers if registered with Central Excise and State sales tax authorities (and having paid duties/taxes unless exempted), furnish audited balance sheets, and meet the minimum plant and machinery investment threshold. When these conditions are satisfied, the licensing authority shall endorse export licences to require bond or bank guarantee as per Department of Revenue terms; the change has retrospective effect. Circulars DGFT Wed, 19 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3497