Make In India

Reduction in Excise Duty on Accessories Components to Promote Domestic Manufacturing: Micromax

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Make in India continues to be an important agenda for the government as the new manufacturing companies are going to reap benefits in the segment. We have been one of the first companies in India to stress in local manufacturing, and it is great to see increase emphasis by the government yet again. The proposal on reduction in excise duty on inputs, parts and components, subparts for manufacture of charger/adapter, battery and wired headsets/speakers of mobile phone, being exempted from 12.5% to nil is a welcome move and will eventually promote the manufacturing of these components domestically. .

However, the exemption from basic customs duty, CV duty, SAD on charger/adapter, battery and wired headsets/speakers for mobile phone being withdrawn will increase the cost of the mobile phones till the time the companies manufacture these product domestically. Read more

Sweekar S

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