https://www.taxtmi.com/acts?id=19524 Constitution of a combined Board of Approval for the EOU scheme with specified departmental membership. The Board considers EOU proposals outside the automatic route and may prescribe conditions when granting approvals. Subject to empowerment under Section 14 of the Industries (Development and Regulation) Act, the Board may consider cases requiring an industrial licence, issue approved minutes enabling the Development Commissioner to issue Letters of Intent and convert them into licences upon fulfillment of conditions. Development Commissioners must submit cases with comments; foreign-equity cases outside the automatic route follow the FIPB/SIA process. The Chairman may co-opt additional representatives and the Board retains discretionary power to grant or refuse approvals. en-us Wed, 15 Apr 2015 10:57:29 +0530 Mon, 10 Sep 2018 12:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19524 Constitution of a combined Board of Approval for the EOU scheme with specified departmental membership. The Board considers EOU proposals outside the automatic route and may prescribe conditions when granting approvals. Subject to empowerment under Section 14 of the Industries (Development and Regulation) Act, the Board may consider cases requiring an industrial licence, issue approved minutes enabling the Development Commissioner to issue Letters of Intent and convert them into licences upon fulfillment of conditions. Development Commissioners must submit cases with comments; foreign-equity cases outside the automatic route follow the FIPB/SIA process. The Chairman may co-opt additional representatives and the Board retains discretionary power to grant or refuse approvals. Act-Rules DGFT Wed, 15 Apr 2015 10:57:29 +0530 https://www.taxtmi.com/acts?id=19524