Review of the policy on foreign direct investment in the manufacture of Cigarettes etc.

Review of the policy on foreign direct investment in the manufacture of Cigarettes etc. https://www.taxtmi.com/circulars?id=8068 The policy now prohibits foreign direct investment in the manufacture of cigars, cheroots, cigarillos and cigarettes of tobacco or tobacco substitutes. The prior provision permitting FDI under the government approval route and subject to industrial licensing has been deleted and the activity expressly added to the list of sectors where FDI is prohibited, with immediate effect as an amendment to the Consolidated FDI Policy. en-us Mon, 10 May 2010 00:00:00 +0530 Fri, 29 Jul 2011 18:34:00 +0530 TaxTMI RSS Generator Review of the policy on foreign direct investment in the manufacture of Cigarettes etc. https://www.taxtmi.com/circulars?id=8068 The policy now prohibits foreign direct investment in the manufacture of cigars, cheroots, cigarillos and cigarettes of tobacco or tobacco substitutes. The prior provision permitting FDI under the government approval route and subject to industrial licensing has been deleted and the activity expressly added to the list of sectors where FDI is prohibited, with immediate effect as an amendment to the Consolidated FDI Policy. Circulars FEMA Mon, 10 May 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8068