The smartphone and electronic items importers have not liked the levies on circuit board for chargers. The government has levied duty on printed circuit boards for chargers.
The importers and sector analysts said the announcement appears to have deviated from the government’s notified phased manufacturing programme (PMP).
Sunil Vachani, chairman of contract manufacturer Dixon Technologies said: “The finance ministry should completely follow PMP approved and agreed upon along with the industry and IT ministry, and not deviate, which they have.”
Though the move is aimed to increase local production, the importers say it will affect the immediate scenario of the markets. The government imposed a 10% import duty on PCB of chargers, 15% on LCD panels, and increased duty by 10% to 20% on lithium ion batteries, and by 5% to 15% on chargers, adapters, battery packs, wired headsets, receivers, keypad, antenna, side keys and USB cables.
Sunil Vachani, chairman of contract manufacturer Dixon Technologies said: “The finance ministry should completely follow PMP approved and agreed upon along with the industry and IT ministry, and not deviate, which they have.”
Though the move is aimed to increase local production, the importers say it will affect the immediate scenario of the markets. The government imposed a 10% import duty on PCB of chargers, 15% on LCD panels, and increased duty by 10% to 20% on lithium ion batteries, and by 5% to 15% on chargers, adapters, battery packs, wired headsets, receivers, keypad, antenna, side keys and USB cables.
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