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

Apple sought exemption from mandatory local sourcing of components for its products

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.

However, on the same day the company’s primary assembler, Taiwan-based Foxconn, sought support for exporting mobile phones.

It also reiterated its demand for removing Customs duties on imported components. The company’s Managing Director and Country Head Josh Foulger on Tuesday raised the issues after meeting Commerce and Industry Minister