https://www.taxtmi.com/news?id=840 Procedures require submission of the prescribed application to the competent authority; non licence proposals are approved by the local approval committee within a short period, while licence dependent proposals require clearance by the approval board and central industrial policy department within a longer period. The Letter of Permission/Intent constitutes a licence for procurement and other statutory purposes and must specify activity, capacity, projected initial export, Net Foreign Exchange Earnings and any limitations on domestic tariff area sales, with such additional conditions as necessary. en-us Wed, 06 May 2009 22:05:05 +0530 Wed, 06 May 2009 22:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=840 Procedures require submission of the prescribed application to the competent authority; non licence proposals are approved by the local approval committee within a short period, while licence dependent proposals require clearance by the approval board and central industrial policy department within a longer period. The Letter of Permission/Intent constitutes a licence for procurement and other statutory purposes and must specify activity, capacity, projected initial export, Net Foreign Exchange Earnings and any limitations on domestic tariff area sales, with such additional conditions as necessary. News - Wed, 06 May 2009 22:05:05 +0530 https://www.taxtmi.com/news?id=840