No objection certificate for making remittances.

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..... 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 technical services passage/freight col .....

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..... 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 causing undue hardship to the foreign col .....

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