https://www.taxtmi.com/news?id=18526 FDI up to 100 percent in mobile phone manufacturing is allowed under the automatic route. Press Note 5 of 2016 allows a government approved, time limited three year relaxation of domestic sourcing for state of the art technology entrants, after which sourcing norms apply. Many components and specified capital goods are already exempt from basic customs duty and excise/CVD/SAD; no exemption exists for repair parts. From 01 July 2017 BCD was applied to cellular phones and certain parts while inputs/raw materials for manufacture remain exempt, and both domestically produced and imported phones and parts attract 12% GST, with exemption changes to be addressed by the GST Council. en-us Mon, 31 Jul 2017 18:29:35 +0530 Mon, 31 Jul 2017 18:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18526 FDI up to 100 percent in mobile phone manufacturing is allowed under the automatic route. Press Note 5 of 2016 allows a government approved, time limited three year relaxation of domestic sourcing for state of the art technology entrants, after which sourcing norms apply. Many components and specified capital goods are already exempt from basic customs duty and excise/CVD/SAD; no exemption exists for repair parts. From 01 July 2017 BCD was applied to cellular phones and certain parts while inputs/raw materials for manufacture remain exempt, and both domestically produced and imported phones and parts attract 12% GST, with exemption changes to be addressed by the GST Council. News - Mon, 31 Jul 2017 18:29:35 +0530 https://www.taxtmi.com/news?id=18526