https://www.taxtmi.com/news?id=14561 The Government removed excise and customs exemptions previously available to the Ordnance Factory Board and Defence PSUs, instituting a level playing field by equalising tax treatment between public suppliers and Domestic Private Players in defence procurement. Complementary measures include raising the FDI cap to 49%, de-reservation of many industrial licence items, and procedural simplifications to encourage private and foreign OEM investment in defence manufacturing and exports. en-us Mon, 01 Jun 2015 14:05:10 +0530 Mon, 01 Jun 2015 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14561 The Government removed excise and customs exemptions previously available to the Ordnance Factory Board and Defence PSUs, instituting a level playing field by equalising tax treatment between public suppliers and Domestic Private Players in defence procurement. Complementary measures include raising the FDI cap to 49%, de-reservation of many industrial licence items, and procedural simplifications to encourage private and foreign OEM investment in defence manufacturing and exports. News - Mon, 01 Jun 2015 14:05:10 +0530 https://www.taxtmi.com/news?id=14561