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Tax amendment bill extends exemptions for foreign suppliers to electronics makers

Summary

Following a June ordinance, the bill extends exemptions for foreign companies supplying equipment to electronics contract manufacturers to TY 2040-41.

Key points
  • Bonded-warehouse component storage exempted
  • PRS reports it passed in the session
For Korean companiesKorean equipment suppliers may benefit without an Indian entity.

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Tax amendment bill extends exemptions for foreign suppliers to electronics makers · Adullam Incorporation