Handset makers pursue on import duty hike cancellation
By MYBRANDBOOK
Mobile handset manufacturers have sought rollback of increased import duties on inputs for chargers, power banks, camera modules and printed circuit board assembly (PCBA), among other items, in the upcoming budget.
The duties were hiked in the 2021-22 budget. Pankaj Mohindroo, chairman of the India Cellular & Electronics Association, said in a letter to Union Minister of State for IT, Rajeev Chandrasekhar, that raising tariffs on components makes import of the whole part cheaper than manufacturing them in the country. ICEA has complained that these tariffs “were imposed suo motu by the Department of Revenue.”
The industry has argued that incentives under the government’s flagship Production-linked Incentive (PLI) scheme conflict with the increase in custom tariffs on inputs. “The PLI scheme is aimed at decreasing the existing cost disability in India versus China and Vietnam,” the industry body said, adding that any increase in customs duties on inputs will increase this cost disability. So, it is contrary to the core policy objectives of the PLI scheme as this leads to increase in imports rather than import substitution.
In the case of chargers with the right policies, India was able to establish a charger industry with more than 60 manufacturing units producing over 600 million chargers, which were being exported as well. It said the additional duty impact after the 2021-22 budget has been 6-7% on the bill of materials of chargers.
The industry body has also sought replacement of the 20% basic customs duty currently prevalent on all handsets above Rs 20,000. Pegging the loss of revenue at Rs 2,500 crore annually due to smuggling of these phones, ICEA said “a high BCD will not encourage companies to manufacture high-end phones in India, and its removal or rationalization will not change their plans to shift manufacturing from China to India.”
BREAKING NEWS
TECHNO TRENDS
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
Nium Appoints Alexandra Johnson appoints as Chief Payments Off
Nium, the leader in real-time cross-border payments, today announced the ap
OPEN YOUR EYES
INTERVIEWS
Kaspersky securing the digital landscape by offering enhanced
Kaspersky is a thought leader in cybersecurity that identifies threats by p
IceWarp positioning itself as a disruptor in the Email and col
Post pandemic, the digital evolution has evolved. With most organizations a
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
FRESHWORKS TECHNOLOGIES PVT. LTD.
JUVAS SOLUTIONS PVT. LTD.
HP INDIA SALES PVT. LTD.
EXIDE INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Sachin Bansal
Sachin Bansal’s fintech startup, Navi Technologies, simplifies loan ...
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
PARTNER SPEAKERS
PSU
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
VIDEOS
Top 25 Brands
Value-Added Distribution
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
 INDERJEET SINGH.jpg)
