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When a lapse in production of 2 or more years occurs, iIs a Full or Partial FAI required?

April 26, 2017fai IIS lapse occurs partial production

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When a lapse in production of 2 or more years occurs, iIs a Full or Partial FAI required?

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B1. Response: A Full FAI would be required. If you perform Partial FAI, you have to clarify the reason why you choose Partial FAI instead of Full FAI and record the reason on field No.14 of Form 1.