$\"\"$ MUMBAI|NEW DELHI: In what looks like a last-ditch attempt to get manufacturing giant Foxconn<\/a> to invest in Maharashtra<\/a>, the state government has offered to compensate the Taiwanese company the 11.5 % import duty levied by the Centre.
\n
\nState government officials met senior officials of Foxconn on Tuesday and have given a proposal that it could compensate the import duty imposed by the Centre either by giving a grant or a subsidy to offset the losses suffered by the company if it is charged the import duty.
\n
Those in the know said that the state was forced to give this assurance as Foxconn was reluctant to fund the setting up of a manufacturing facility in Maharashtra, or for that matter, anywhere in India unless the government charged import duties<\/a> that were cheaper than the duties in China.
\n
Foxconn was keeping a close eye on the inter-ministerial panel formed by the central government after American technology company Apple<\/a>, which also wants to manufacture in India, asked for similar duty exemptions and tax concessions to manufacture their products in India.
\n
\nSources in the Maharashtra government said that if the inter-ministerial group heeded to Apple’s concerns and waived off the duty and offered tax exemptions, then even Foxconn would have benefitted. But since nothing much has happened on the front, the Maharashtra government has taken the initiative by offering to compensate Foxconn for the 11.5% import duty levied on it.
\n
However, there are questions as to whether Maharashtra can give such concessions under GST. “From a manufacturing point of view, the revenue generated can be incentivised to state GST, but only for the products consumed within the state. If they think that manufacturing activity is generating employment opportunity and other benefits to the state, they can offer other incentives, but for that they will have to dip into their own pockets,\" said Bipin Sapra, an indirect tax<\/a> expert at consulting firm EY.
\n
\nA year back, Maharashtra Chief Minister Devendra Fadnavis managed to get the Taiwan firm to commit an investment of $5 billion in the state.\n\n<\/body>","next_sibling":[{"msid":57178214,"title":"Twitter shifts focus to Amplify, to tie up with Reliance Jio, Filmfare for video content","entity_type":"ARTICLE","link":"\/news\/twitter-shifts-focus-to-amplify-to-tie-up-with-reliance-jio-filmfare-for-video-content\/57178214","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57178380,"entity_type":"ARTICLE","title":"Maharashtra offers to offset Foxconn\u2019s import duty burden","synopsis":"A year back, Maharashtra Chief Minister Devendra Fadnavis managed to get the Taiwan firm to commit an investment of $5 billion in the state.","titleseo":"telecomnews\/maharashtra-offers-to-offset-foxconns-import-duty-burden","status":"ACTIVE","authors":[{"author_name":"Krishna Kumar","author_link":"\/author\/4598\/krishna-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4598.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":4598,"author_name":"Krishna Kumar","author_seo_name":"krishna-kumar","designation":"Journalist","agency":false}},{"author_name":"Gulveen Aulakh","author_link":"\/author\/19656\/gulveen-aulakh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19656.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":19656,"author_name":"Gulveen Aulakh","author_seo_name":"gulveen-aulakh","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-02-16 08:18:13","lastupd":"2017-02-16 08:20:25","breadcrumbTags":["Maharashtra","Foxconn","Apple","policy","Indirect tax","import duties"],"secinfo":{"seolocation":"telecomnews\/maharashtra-offers-to-offset-foxconns-import-duty-burden"}}" data-authors="[" krishna kumar","gulveen aulakh"]" data-category-name="" data-category_id="" data-date="2017-02-16" data-index="article_1">

Telecom乐动扑克News

马哈拉施特拉邦提供抵消富士康进口税的负担

一年回来,马哈拉施特拉邦首席部长Devendra Fadnavis设法让台湾公司承诺投资50亿美元的国家。

Krishna Kumar&Gulveen Aulakh,
等局

更新于2017年2月16日凌晨08:20坚持

孟买|新德里:看似一搏,力求得到制造业巨头富士康投资马哈拉施特拉邦,国家政府提供赔偿台湾公司11.5%的进口税征收的中心。

州政府官员高级官员会见了富士康在周二和给建议,它可以补偿进口税实施的中心给予资助或补贴来弥补损失的公司如果是收取进口关税。

知道的说,国家被迫富士康不愿意给这个保证基金的设立制造工厂在马哈拉施特拉邦,或在印度各地,除非政府起诉进口关税低于中国的关税。

富士康是密切关注部际委员会由中央政府在美国技术公司苹果也希望在印度生产,要求类似的责任豁免和税收让步在印度制造他们的产品。

在马哈拉施特拉邦政府的消息人士表示,如果部际集团注意到苹果的担忧和放弃责任和提供免税,那么即使富士康将会受益。但由于在前面什么都没有发生,马哈拉施特拉邦政府采取主动提供补偿富士康11.5%的进口税征收。

然而,有问题是否马哈拉施特拉邦能给这样的让步在销售税。“从生产的角度来看,可以激励收入国家销售税,但只有内产品的消费状态。如果他们认为制造业活动是创造就业机会和其他福利国家,他们可以提供其它激励措施,但他们将不得不动用自己的口袋,”Bipin Sapra以及说间接税专家咨询公司)等等。

一年回来,马哈拉施特拉邦首席部长Devendra Fadnavis设法让台湾公司承诺投资50亿美元的国家。

发布于2017年2月16日08:18点坚持

$\"\"$ MUMBAI|NEW DELHI: In what looks like a last-ditch attempt to get manufacturing giant Foxconn<\/a> to invest in Maharashtra<\/a>, the state government has offered to compensate the Taiwanese company the 11.5 % import duty levied by the Centre.
\n
\nState government officials met senior officials of Foxconn on Tuesday and have given a proposal that it could compensate the import duty imposed by the Centre either by giving a grant or a subsidy to offset the losses suffered by the company if it is charged the import duty.
\n
Those in the know said that the state was forced to give this assurance as Foxconn was reluctant to fund the setting up of a manufacturing facility in Maharashtra, or for that matter, anywhere in India unless the government charged import duties<\/a> that were cheaper than the duties in China.
\n
Foxconn was keeping a close eye on the inter-ministerial panel formed by the central government after American technology company Apple<\/a>, which also wants to manufacture in India, asked for similar duty exemptions and tax concessions to manufacture their products in India.
\n
\nSources in the Maharashtra government said that if the inter-ministerial group heeded to Apple’s concerns and waived off the duty and offered tax exemptions, then even Foxconn would have benefitted. But since nothing much has happened on the front, the Maharashtra government has taken the initiative by offering to compensate Foxconn for the 11.5% import duty levied on it.
\n
However, there are questions as to whether Maharashtra can give such concessions under GST. “From a manufacturing point of view, the revenue generated can be incentivised to state GST, but only for the products consumed within the state. If they think that manufacturing activity is generating employment opportunity and other benefits to the state, they can offer other incentives, but for that they will have to dip into their own pockets,\" said Bipin Sapra, an indirect tax<\/a> expert at consulting firm EY.
\n
\nA year back, Maharashtra Chief Minister Devendra Fadnavis managed to get the Taiwan firm to commit an investment of $5 billion in the state.\n\n<\/body>","next_sibling":[{"msid":57178214,"title":"Twitter shifts focus to Amplify, to tie up with Reliance Jio, Filmfare for video content","entity_type":"ARTICLE","link":"\/news\/twitter-shifts-focus-to-amplify-to-tie-up-with-reliance-jio-filmfare-for-video-content\/57178214","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57178380,"entity_type":"ARTICLE","title":"Maharashtra offers to offset Foxconn\u2019s import duty burden","synopsis":"A year back, Maharashtra Chief Minister Devendra Fadnavis managed to get the Taiwan firm to commit an investment of $5 billion in the state.","titleseo":"telecomnews\/maharashtra-offers-to-offset-foxconns-import-duty-burden","status":"ACTIVE","authors":[{"author_name":"Krishna Kumar","author_link":"\/author\/4598\/krishna-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4598.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":4598,"author_name":"Krishna Kumar","author_seo_name":"krishna-kumar","designation":"Journalist","agency":false}},{"author_name":"Gulveen Aulakh","author_link":"\/author\/19656\/gulveen-aulakh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19656.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":19656,"author_name":"Gulveen Aulakh","author_seo_name":"gulveen-aulakh","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-02-16 08:18:13","lastupd":"2017-02-16 08:20:25","breadcrumbTags":["Maharashtra","Foxconn","Apple","policy","Indirect tax","import duties"],"secinfo":{"seolocation":"telecomnews\/maharashtra-offers-to-offset-foxconns-import-duty-burden"}}" data-news_link="//www.iser-br.com/news/maharashtra-offers-to-offset-foxconns-import-duty-burden/57178380">

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