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Finance Ministry rejects Apple's demands for tax sops to Make in India

Finance Ministry rejects Apple's demands for tax sops to Make in India

Wednesday, March 22, 2017, 9:41 AM

The government has rejected demands for tax exemptions by Apple for setting up a manufacturing facility in India, arguing that such concessions to a company are not possible. The finance ministry has refused to concede the demand for slashing Customs duties on completely-knocked-down and semi-knocked-down units of devices that are to be assembled in India.
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