Centre holds Samsung's incentive of Rs 900 cr under PLI scheme for FY21

The central government has held the disbursement of incentive amount under the PLI scheme to Samsung Electronics for FY21 after some discrepancies were found in the invoices

The central government has held the disbursement of incentive amount under the production-linked incentive (PLI) scheme to Samsung Electronics for FY21 after some discrepancies were found in the invoices, reported The Financial Express on Tuesday.

According to the report, there were differences between the incremental production and sales shown by Samsung and the ones arrived by the Centre. 

The Korean tech giant, which was the only firm that qualified for PLI for FY21, had claimed incentives worth nearly Rs 900 crore for the financial year, however, the Centre's calculations had pegged it lower. 

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