https://www.taxtmi.com/circulars?id=53065 Press Note streamlines defence industrial licensing by permitting extensions of the initial three year licence through two successive two year extensions, removing the stipulation of annual production capacity while imposing half yearly production returns to the Department of Industrial Policy & Promotion and the Department of Defence Production, and allowing sales without prior Defence Production approval to entities under the Ministry of Home Affairs, state governments, public sector undertakings and other valid defence licensed companies, with prior permission required for other buyers. en-us Mon, 20 Oct 2014 00:00:00 +0530 Mon, 20 Oct 2014 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53065 Press Note streamlines defence industrial licensing by permitting extensions of the initial three year licence through two successive two year extensions, removing the stipulation of annual production capacity while imposing half yearly production returns to the Department of Industrial Policy & Promotion and the Department of Defence Production, and allowing sales without prior Defence Production approval to entities under the Ministry of Home Affairs, state governments, public sector undertakings and other valid defence licensed companies, with prior permission required for other buyers. Circulars FEMA Mon, 20 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53065