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With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the Indian electronics ecosystem. The industry has mixed reactions.
In a bid to strengthen “Make-in-India” ,the government has decided to exempt parts used to manufacture open cells of TV panels of LED Televisions from basic custom duty. It has also increased Basic Customs Duty (BCD) on Interactive Flat Panel Display (IFPD) from 10 per cent to 20 per cent. At the same time, it has decided to reduce the BCD to 5 per cent on Open Cell and other components used to make IFPD.
New Delhi, Feb 1 (PTI) The government's proposal to double customs duty on touchscreen display TVs and reduction of levies on inputs for manufacturing open cells will help boost local manufacturing of the sector, the TV makers said on Saturday.
New Delhi, Feb 1 (PTI) The government's proposal to double customs duty on touchscreen display TVs and reduction of levies on inputs for manufacturing open cells will help boost local manufacturing of the sector, the TV makers said on Saturday.
New Delhi, Feb 1 (PTI) The government's proposal to double customs duty on touchscreen display TVs and reduction of levies on inputs for manufacturing open cells will help boost local manufacturing of the sector, the TV makers said on Saturday.
Dr. H. Sudarshan Ballal, Chairman, of Manipal Hospitals. The major take home message of the budget just announced by the Finance Minister is that it is a middle class friendly budget.
During her speech at Parliament, Finance Minister Nirmala Sitharaman said the customs duty on interactive and flat panel displays will jump from 10 per cent to 20 per cent, while the duty on Open Cell and related components will shrink from 5 per cent.