Till declaration of the commercial production of the entire project, the company shall not sell or dispose of the project assets or any part thereof or create thereon any mortgage, lien or charge by way of hypothecation or otherwise, except in the ordinary course of business, without prior approval of the Nodal Agency, the guideline said.
Applicants under the machines and materials pillar can also receive production-linked incentives (PLI) benefits under the scheme for domestic sourcing of components and sub-assemblies that are produced in India.
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Till declaration of the commercial production of the entire project, the company shall not sell or dispose of the project assets or any part thereof or create thereon any mortgage, lien or charge by way of hypothecation or otherwise, except in the ordinary course of business, without prior approval of the Nodal Agency, the guideline said.
