Read the following instructions and answer the questions.
After the discussion at a high level meeting of government officers, the criteria for issuing of import / export licence to eligible business firms for the year 2011-12 were finalized as follows. The firms must –
I. Have a Grade – ‘A’ certified unit for any products.
II. Not have any legal dispute case against it.
III. Possess minimum asset worth Rs. 40 lakhs.
IV. Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firm is located.
V. Deposit the margin money of Rs. 1 lakh.
VI. Arrange for three guarantors with their personal identity cards (IDs).
However, if the firm satisfies all the above mentioned criteria except:
a) Criteria (I), but is a traditional handloom production unit, then the case may be referred to Development Commissioner, Handloom (DCH) of the state.
b) Criteria (IV), but is a local employment provider / thread (input) supplier / cloth supplier, the case may be referred to the Director, Department of Industry of the state.
c) Criteria (V) but can deposit at least Rs. 50000, the firm will be given import licence only and the case may be referred to the Deputy Director, Department of Industry of the state.
Based on the above criteria and information provided on each of the firms in the questions below, you have to decide which course of action should be taken against each firm. Without assuming anything regarding any applicant firm, the decision should be based on the information provided.
Ramayan Enterprise is a textiles firm which possesses assets worth Rs. 50 lakhs and is located in Surat where no firm having any legal dispute is permitted to operate. The firm agreed to deposit Rs. 1 lakh and give details of three guarantors with their personal details as required. It has got grade - A certificate and can submit an environment clearance certificate issued by the Pollution Control Board of the state.
The given criteria are:-
I. Have a Grade - ‘A’ certified unit for any products.
II. Not have any legal dispute case against it.
III. Possess minimum asset worth Rs. 40 lakhs.
IV.Submit
an environment clearance certificate issued by the Pollution Control
Board (PCB) of the state where the firm is located.
V. Deposit the margin money of Rs. 1 lakh.
VI. Arrange for three guarantors with their personal identity cards (IDs)
Also, Ramayan Enterprise:-
possesses assets worth Rs. 50 lakhs
is located in Surat where no firm having any legal dispute is permitted to operate.
The firm agreed to deposit Rs. 1 lakh
give details of three guarantors with their personal details as required.
It has got grade - A certificate and can submit an environment clearance certificate issued by the Pollution Control Board of the state.
Thus, it satisfies all the given conditions and hence license may be issued.
Hence, option A is the correct answer
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