Union Budget
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Electronics Body Seeks GST Reduction on Mobile Phones, Duty Cut On Parts
Electronics body seeks import duty cut on mobile phones components in budget New Delhi: Seeking reduction in import duty on components used for making mobile phones, the India Cellular and Electronics Association (ICEA) has said that if taxes are hiked on such parts, then Indian made products under the government’s ambitious production linked incentive (PLI) scheme, will become uncompetitive globally.…
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FICCI For Zero Customs Duty On Ferronickel, Higher Import Levy On Stainless Steel Flat Products
FICCI has urged the government to reduce the basic customs duty on ferronickel to zero New Delhi: With the Union Budget just days away, industry body FICCI has urged the government to reduce the basic customs duty (BCD) on ferronickel to zero and levy a higher duty of 12.5 per cent on the import of stainless steel flat products. Finance…
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