Major companies such as Apple, Dell, and Samsung could be significantly affected by India’s intention to introduce a licensing requirement for the import of PCs, tablets, and laptops. Although the government has not yet provided an official statement regarding this plan, it is likely it will align with Prime Minister Modi’s new motto and policy: “Make in India.” India is aiming to favor local production and encourage tech giants to relocate their manufacturing operations to India through this initiative.
Source: pincvision.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
