Budget 2023 wishlist: ICEA calls for rationalisation of duties on parts

India Cellular and Electronics Association (ICEA) has batted for rationalisation of duties on parts and components of mobile phones and sub-assemblies, saying some of the smaller tariffs should be done away with, while all inputs duties on 'mechanics' should be removed immediately. The industry body has also suggested that the government should ease the Basic Customs Duty (BCD) on high-end phones. The 20 per cent customs duty on high-end phones should be continued only with a maximum BCD pegged at Rs 4,000 per device, the association has said in its Budget wishlist. Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2023-24 on February 1. ICEA contended that tariffs on inputs and components are a barrier to increasing localisation. It has said that some of the smaller tariffs should be done away with, to support local businesses and bring ease of doing business. In this regard, ICEA suggested that the tariff of 2.75 per cent (including social welfare surcharge

from Latest News https://ift.tt/tfv4Br5
via WebMD https://ifttt.com/images/no_image_card.png

Share this:

ABOUT THE AUTHOR

TEAMS FUN AND FAIR - News N Entertainment is your one-stop destination for the latest news, entertainment updates, and product reviews. From breaking headlines and Bollywood buzz to cricket updates and smart shopping recommendations, we bring you curated content that keeps you informed and entertained. Discover trending news from India Today, explore amazing deals on Amazon products including electronics, home decor, furniture, and fashion accessories, and stay updated with sports highlights

Customers Most Loved Products

Customers Most Loved Products
Best Offers