Customs duty structure review to focus on reducing number of rates: Revenue SecretaryThe government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary San...
24 Jul, 2024, 08.27 PM IST
Budget 2024: Upcoming 4G, 5G network roll outs to get costlier with customs duty hikeFinance minister proposes 5% increase in customs duty for PCBAs, likely leading to higher network rollout costs. Vi expected to be most aff...
24 Jul, 2024, 01.06 AM IST
Budget 2024: Local telecom gear manufacturing to get a boost with customs duty hikeFinance Minister Nirmala Sitharaman has proposed a 5% increase in the basic customs duty (BCD) of printed circuit board assembly (PCBA) to ...
23 Jul, 2024, 01.22 PM IST
Anti-dumping duty on PCBs hits IT hardware PLI beneficiariesIndia imposed a 30% anti-dumping duty (ADD) on bare PCBs – an essential component in any electronics product – for five years in March on t...
19 Jun, 2024, 08.10 AM IST
Amber Group acquires 60% stake in Ascent CircuitsAmber Group has acquired 60% stake in Ascent Circuits Pvt. Ltd to boost its electronic manufacturing services (EMS) portfolio by increasing...
03 Jan, 2024, 09.27 PM IST
Budget: Indian mobile handset industry wants ecosystem for domestic manufacturing, exportsThere is scope for more as it still has some 350-400 million feature phone users who can be upgraded to smartphones. The industry wants an ...
27 Jan, 2022, 06.55 AM IST
UP government allows manufacturing units to function during lockdowns, curfews“UP has taken an excellent step of permitting industries to operate continuously even in the curfew period,” said Pankaj Mohindroo, chairma...
22 Apr, 2021, 07.59 AM IST
Mobile phone prices to rise marginally after import duty levy on some partsThe mobile phone industry has sought maintaining the status quo from the government and thus a reversal of the hike in customs duty.
01 Feb, 2021, 04.31 PM IST
Import duty on some sub-parts of phones, chargers raised to 2.5%“For greater value addition we are withdrawing a few exemptions on parts of chargers and sub-parts of mobiles. Further, some parts of mobil...
01 Feb, 2021, 03.34 PM IST
Companies want separate 3% PLI incentives for PCB assemblyIn a letter written to the Ministry of Electronics and IT (MeitY) on December 19, the India Cellular & Electronics Association (ICEA) sough...
28 Dec, 2020, 09.50 AM IST
Dixon forays into ICT hardware; set to open factory in southern IndiaThe home-grown electronics manufacturing services (EMS) player, which already produces smart TVs, LED lighting, washing machines and mobile...
24 Dec, 2020, 02.58 PM IST
Industry seeks sops for PCBA, says $109 billion opportunityThis presents a domestic market of $87 billion and export opportunity of $109 billion. Currently, the major players in India’s PCBA manufac...
03 Dec, 2020, 03.32 PM IST
India has $100-billion export potential in PCBA: ICEA-EY studyThe report cites that a PCBA is at the core of every electronic device such as mobile phones, tablets, computers, routers, televisions, was...
03 Dec, 2020, 02.38 PM IST
Import duty hike to drive local handset makingOn Saturday, the government proposed increasing the import duty on PCBAs to 20% from 10% and chargers to 20% from 15%, to encourage local m...
04 Feb, 2020, 10.40 AM IST
Featurphone prices to increase after PCBA duty hikeThe government announced a 20% customs duty on PCBA which currently attracts a 10% customs duty, thus encouraging local production of the s...
01 Feb, 2020, 11.38 PM IST
Government scraps 5 per cent import duty on open cell TV panelThe move would also help to reduce the price of TV panel by around three per cent.
18 Sep, 2019, 11.47 AM IST
Budget wish list: Cos want tax holiday, customs duty exemption, GST cut on handsetThe industry has also sought a decade-long tax holiday on profits from manufacturing devices or parts in the country to stimulate fresh inv...
20 Jun, 2019, 12.01 PM IST