You are here: Home » Companies » News
Business Standard

Apple, govt tussle over import tax on mobile parts: Sources

Despite a boom in smartphone sales in India, Apple's market share is only around 2%

Reuters  |  New Delhi 

Apple Inc has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said. The U.S. technology giant has been in talks with Indian officials for months, seeking "pre-requisites" - government tax breaks and incentives - for expanding its operations in one of the world's fastest-growing smartphone markets. During those talks, Apple has conveyed it wants India to defer an existing policy that plans to levy taxes on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, December 12 2017. 01:51 IST