“The Department of Revenue has said no to the tax incentive demand of US-based iPhone maker Apple, which wants to set up a manufacturing unit in the country,” Press Trust of India reports.
“In a communication to the government, the Cupertino-based technology major has asked for incentives from the Department of Revenue and Department of Electronics and Information Technology (DeITy),” PTI reports. “Besides exemption from the Customs duty on imports of components and equipment for 15 years, Apple wants relaxation in the mandated 30 percent local sourcing of components.
PTI reports, “Apple had earlier indicated to the government that it is ready with a blueprint to begin manufacturing iPhones in India, but wants fiscal concessions, including Customs duty waiver on import of components.”
Read more in the full article here.
MacDailyNews Take:
It ain’t over ’til it’s over. – Yogi Berra
SEE ALSO:
Apple trying to make a foothold in India, despite roadblocks – March 20, 2017
Apple again asks Indian government to allow sale of certified refurbished iPhones in India – February 6, 2017
Indian IT minister says Apple plans to make iPhones in Bengaluru – February 3, 2017
Apple nears deal to manufacture products in India – January 25, 2017
Apple is ready to make iPhones in India, for a price – January 20, 2017
India to consider Apple request for tax breaks and policy exemptions with ‘open mind’ – January 18, 2017
Apple is horse-trading mightily with India – January 4, 2017
India poised to reject manufacturing concessions for Apple – January 3, 2017
Apple doesn’t want India’s government to muddle iPhone’s look – December 29, 2016
Apple is discussing manufacturing in India, government officials say – December 20, 2016
Apple iPhone grabs first place in India with 66% of premium smartphone sales – November 29, 2016
Apple seeks government incentives to set up manufacturing unit in India – November 7, 2016
iPhone 7 and 7 Plus launch in India: Apple’s latest flagship gets record-breaking response – October 8, 2016
Apple’s superb gadgets are such powerful magnets that Apple should set up a manufacturing facility on the Moon to reenergize and promote the now dormant space exploration.
They asked deity for money. I wonder if they provided the appropriate sacrifices. 😉
Not dormant anymore!
President Trump just signed a bill authorizing $19.5 billion in funding for NASA — the first such authorization bill for the space agency in seven years!
“It’s been a long time since a bill like this has been signed reaffirming our national commitment to the core mission of NASA, human space exploration, space science and technology.” – President Trump
Gov. funding is Socialism.
Hey! We agree on something. Whodah thunk?
Too bad you guys control Congress….
The NSA is not better than Apple.
Hey look it’s an attention whore spouting off stuff that has nothing to do with the topic at hand.
I mean you could not even find it within yourself to at least insult India? Where’s your patriotism.
Mind you trying to usurp the thread with irrelevancy is a nice cyber terrorist act.
We need some MAGA (Make Assholes Go Away) here.
Now as to the issue at hand, since you are incapable of it.
Apple’s sure to continue negotiating with India to reach an agreement satisfactory to both parties, after all unlike their home country, Apple does respect the sovereignty and laws of other nations.
First Then, all it takes is a press event and you go weak in the knees, your heart bursting with partisan fervor. Cheering a socialist program of all things.
But if you read the order, it does nothing. It keeps NASA at current low funding levels.
Trump intends to spend more money building isolationist walls to make us less popular and less safe and less competitive instead of increasing investment in tech and education.
Ah yes, a classic quote from the Bard of Brooklyn.
Good for India.
Its past time to stop giving away tax breaks to companies. For ever tax dollar they give to Apple and others, thats a tax dollar that doesn’t go to services people need, or a tax dollar that must be made up elsewhere, usually by those lease able to afford it.
Funny thing this sovereignty… 🙂
With the large Android user base, I don’t think India is particularly desperate for smartphones even it is the iPhone. Now, if India had no significant smartphone presence in the country Apple might have a bigger stick and carrot to wield.