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Foreign Defence Majors Concerned Over Taxation Regime in India

In what could be concerns over the tax regime in India, foreign defence majors take up the issue with Defence Minister Rajnath Singh as he is meeting a number of industrial bodies during his visits abroad.

Defence Minister Rajnath Singh has assured French defence industry majors that India has taken a host of measures to attract investments in the defence manufacturing sector which comes even as the CEO of the French engine manufacturer Safran which is behind the Rafale fighter jet complained that the business environment in the country was not conducive particularly due to the taxation regime.

Customs notification number 39/96 dated 23.07.1996 has been applied to the GST Law 2017, IGST is exempted on movement of goods under this notification as per specified terms and conditions.Notification No. 39/96-Customs states,................

 

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