Connect with us

Headlines Of The Day

BIF seeks reversal of hike in import duties on components, PCBAs

Industry body Broadband India Forum (BIF) has approached the telecom department and the finance ministry seeking reversal of hike in import duties on components and PCBAs effected in recent Budget, saying the move will drive up the cost of making telecom products and may offset benefits of PLI scheme.

The BIF has written to the government urging withdrawal of the said duties and pushed for continuation of the duty exemption on telecom components.

‘Certain exemptions were given under customs notification since 2017 covering various items. But on February 1, some exemptions were withdrawn for customs duty on various components. Due to this, it is estimated that the cost of Make-in-India products will go up 5-6 per cent because many of the components are imported, they are not made here,’ BIF President TV Ramachandran told PTI.

Click to comment

Notice: Undefined variable: user_ID in /home/cloudpanel/htdocs/ on line 49

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2021 TV Veopar Journal

error: Content is protected !!