https://www.taxtmi.com/acts?id=41755 A combined Board of Approval for the EOU scheme, chaired by the Secretary, Department of Commerce and composed of senior departmental representatives, will consider EOU proposals outside the automatic approval route. All cases are submitted by the Development Commissioner with comments; industrial licence applications require Department of Industrial Policy and Promotion concurrence before the Development Commissioner issues and converts a Letter of Intent. Foreign equity cases outside the automatic route are to be processed through the Foreign Investment Promotion Board. The Board may impose conditions, grant or refuse approvals, and the Chairman may co opt additional representatives. en-us Mon, 08 May 2023 18:12:57 +0530 Mon, 08 May 2023 18:12:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41755 A combined Board of Approval for the EOU scheme, chaired by the Secretary, Department of Commerce and composed of senior departmental representatives, will consider EOU proposals outside the automatic approval route. All cases are submitted by the Development Commissioner with comments; industrial licence applications require Department of Industrial Policy and Promotion concurrence before the Development Commissioner issues and converts a Letter of Intent. Foreign equity cases outside the automatic route are to be processed through the Foreign Investment Promotion Board. The Board may impose conditions, grant or refuse approvals, and the Chairman may co opt additional representatives. Act-Rules DGFT Mon, 08 May 2023 18:12:57 +0530 https://www.taxtmi.com/acts?id=41755