GST could throw spanner in Apple's Make in India plans: Report

Apple Inc for manufacturing its flagship devices in the country, reported The Economic Times on Monday.

The financial daily quoted Revenue Secretary Hasmukh Adhia as saying that giving individual exemptions under the GST regime was not possible. So, Adhia explained, all countervailing duty (CVD) exemptions would go.

As reported earlier, the Cupertino, US-headquartered company continues to engage in talks with the central government over full-scale manufacturing of its flagship devices in the country. For this, Apple is seeking a 15-year CVD exemption from the government to make India a hub for exporting the devices rather than just producing devices for the local market, according to officials at the commerce ministry. Apple is facing a challenge of rising input costs in China, apart from the Chinese government increasingly cracking down on foreign companies.(Read More)