https://www.taxtmi.com/news?id=4935 The allowed FDI in multi brand retail is subject to a sourcing obligation requiring a minimum proportion of procurement value of manufactured/processed products to be sourced from Indian small industries, defined by a plant and machinery valuation at installation; loss of qualification follows if that valuation is later exceeded. The procurement requirement is measured initially as an average over five years beginning the April of the year when the first tranche of FDI is received and thereafter on an annual basis, and it is operative only when foreign investment occurs in multi brand retail. en-us Mon, 04 Mar 2013 18:19:07 +0530 Mon, 04 Mar 2013 18:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4935 The allowed FDI in multi brand retail is subject to a sourcing obligation requiring a minimum proportion of procurement value of manufactured/processed products to be sourced from Indian small industries, defined by a plant and machinery valuation at installation; loss of qualification follows if that valuation is later exceeded. The procurement requirement is measured initially as an average over five years beginning the April of the year when the first tranche of FDI is received and thereafter on an annual basis, and it is operative only when foreign investment occurs in multi brand retail. News - Mon, 04 Mar 2013 18:19:07 +0530 https://www.taxtmi.com/news?id=4935