The Ministry of Commerce and Industry recently came up with guidelines to ensure ease of doing business in India. Select the most appropriate option/s that is/are correct regarding its recommendations:
A. Two extensions of two years each in the initial licencse period of three years would be granted
B. Annual capacity for production of denfence items has been removed but licensees to submit half yearly production returns to DIPP
C. No prior approval of Dept of Defence Production required for sale of defence items to Government entities but it would be required for non Government entities.