'No Objection Certificate' for remittance abroad.

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..... f the Board that in some cases 'No Objection Certificate' for remittance abroad of royalty, technical know-how fees, etc. have been issued by Income tax Officers after obtaining a guarantee from the I .....

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..... resident in India shall give a guarantee in respect of any debt or other obligation or liability- (i) of a person resident in India, and due or owing to a person resident outside India, or (ii) of .....

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