Their performance would be reviewed after the stipulated six months and if sales continue to be sluggish, a fresh set of guidance with a new detailed action plan would be provided for a turnaround in next three months.
Apple reportedly said at the meeting that it was concerned over clarity in CVD exemption as its component-makers were unwilling to immediately set up manufacturing in India as they did not see the market here for new products.
Under the current tax regime, small hydro projects up to 25 MW are treated as renewable energy whereby they are exempted from excise duty and pay value added tax of 0-5 per cent and a central sales tax of 2 per cent.
Sources said the countdown for India began on September 21 when 60 countries accounting for 47.62 percent of the global emission ratified the treaty, leaving only 7.5 percent to be covered by the remaining members.
Their prescription is that instead of raising prices only in Delhi, the “burden of higher rental” be passed on countrywide with 75 per cent of the burden on all-India basis and balance 25 per cent on Delhi market.
Arun Jaitley had said that advancing the Budget would help improve public spending through a more balanced expenditure across the year and help implement tax proposals from the very start of the fiscal.