No objection certificate for making remittances.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ated: November 3, 1981 As you are aware a 'No objection Certificate' from the ITO is required by the RBI before the remittance abroad is allowed in respect of income of nature of royalty fees for t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... It has been brought to the notice of the Board that the issue of No Objection certificate takes a long time and thus the permission from the RBI for remittance to foreign collaborator is delayed cau....