https://www.taxtmi.com/circulars?id=4165 Guidelines require licences from the Department of Industrial Policy & Promotion, in consultation with the Ministry of Defence, for private production of arms and ammunition permitting private participation and FDI up to 26%. Applicants must be Indian entities with Indian management and majority board control; foreign collaborators and promoters are subject to government vetting. Licences set capacity norms, allow import of pre production equipment, mandate safety, security and quality assurance with inspection by a nominated agency, and impose a three year lock in on transfers of foreign equity. Production is primarily for defence and restricted for domestic sale and export. en-us Fri, 04 Jan 2002 00:00:00 +0530 Fri, 25 Jul 2025 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4165 Guidelines require licences from the Department of Industrial Policy & Promotion, in consultation with the Ministry of Defence, for private production of arms and ammunition permitting private participation and FDI up to 26%. Applicants must be Indian entities with Indian management and majority board control; foreign collaborators and promoters are subject to government vetting. Licences set capacity norms, allow import of pre production equipment, mandate safety, security and quality assurance with inspection by a nominated agency, and impose a three year lock in on transfers of foreign equity. Production is primarily for defence and restricted for domestic sale and export. Circulars FEMA Fri, 04 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4165