India rejects demands by Apple on tax incentives India has finally rejected key demands by Apple for customs duty rebate on imported equipment for making iphones in the country. In a written reply to the Lok Sabha, commerce and industry minister Nirmala Sitharaman said that "requests regarding such rebate were examined and... not accepted." Sitharaman said the government has received representations seeking concessions, including 30 percent local sourcing of component, duty exemption on manufacturing and repair units, components, capital equipment and consumables for smart phone manufacturing, service, and repair. She further said that there would be no exemption from basic customs duty, countervailing duty (CVD) and special additional duty (SAD) on imports of articles needed for the repair of the mobile phones. The Cupertino-based technology major has asked for incentives from the Department of Electronics and Information Technology (Diety). Apple had asked for tax c...
Commentaires
Enregistrer un commentaire