https://www.taxtmi.com/news?id=18193 The Order grants purchase preference to local suppliers in procurement by procuring entities, subject to the Order and Nodal Ministry directions. It establishes an ordinary minimum local content requirement of 50%, allows the Nodal Ministry to vary that percentage and prescribe the calculation method, and sets a purchase preference margin of 20%. Ministries, departments and government company boards may issue clarifications and instructions to resolve implementation difficulties. en-us Thu, 15 Jun 2017 17:59:34 +0530 Thu, 15 Jun 2017 17:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18193 The Order grants purchase preference to local suppliers in procurement by procuring entities, subject to the Order and Nodal Ministry directions. It establishes an ordinary minimum local content requirement of 50%, allows the Nodal Ministry to vary that percentage and prescribe the calculation method, and sets a purchase preference margin of 20%. Ministries, departments and government company boards may issue clarifications and instructions to resolve implementation difficulties. News - Thu, 15 Jun 2017 17:59:34 +0530 https://www.taxtmi.com/news?id=18193