https://www.taxtmi.com/news?id=13486 Industrial licences for defence items may now be extended beyond the initial three-year term by two successive two-year extensions; annual capacity stipulations are removed but licence-holders must file prescribed half-yearly production returns to DIPP and DoDP; sales to MHA-controlled entities, state governments, PSUs and other defence-licensed companies are permitted without prior DoDP approval, while sales to other entities still require prior DoDP permission. en-us Mon, 20 Oct 2014 18:34:33 +0530 Mon, 20 Oct 2014 18:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13486 Industrial licences for defence items may now be extended beyond the initial three-year term by two successive two-year extensions; annual capacity stipulations are removed but licence-holders must file prescribed half-yearly production returns to DIPP and DoDP; sales to MHA-controlled entities, state governments, PSUs and other defence-licensed companies are permitted without prior DoDP approval, while sales to other entities still require prior DoDP permission. News - Mon, 20 Oct 2014 18:34:33 +0530 https://www.taxtmi.com/news?id=13486