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    <title>No objection certificate for making remittances.</title>
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    <description>A No Objection Certificate from the Income Tax Officer is required by the Reserve Bank before permitting remittances abroad for royalties, technical service fees, and similar receipts; the Board established and amended a standardised NOC form and now directs Income Tax Officers to issue the certificate promptly to avoid hardship and delays to foreign collaborators awaiting RBI clearance.</description>
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