Rule tweaks on import of raw materials, finished goods to help ease local manufacturing
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Last Updated: May 25, 2021, 07:26 PM IST
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The Central Board of Indirect Taxes and Customs (CBIC), in a circular dated May 17, notified the amendments related to job-work which were announced in this year’s Budget and made effective from February 2. As per the new norms, all importers and manufacturers are now allowed to get finished goods (100% outsourced) and intermediate goods (partially outsourced) manufactured on a job-work basis.
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As per the new norms, all importers and manufacturers are now allowed to get finished goods (100% outsourced) and intermediate goods (partially outsourced) manufactured on a job-work basis.
The eighth annual Palmetto Cyber Defense Competition (PCDC), hosted by Naval Information Warfare Center (NIWC) Atlantic in collaboration with the South Carolina Lowcountry Chapter of the Armed Forces Communications and Electronics Association (AFCEA), was held recently in a virtual format due to COVID-19.
The goal of PCDC is to energize South Carolina high school and collegiate students to focus on the development of networking and cybersecurity skills through science, technology, engineering and mathematics (STEM). During the competitions, students from each school formed Blue Teams that operated and secured the combined systems of a digital network. The teams were challenged to properly configure/reconfigure an information technology (IT) network, add new services and respond to additional requirements – all while defending against Red Team hackers attempting to disrupt their network.
The Indian market demand for displays over the next five years is likely to be $60 billion amid the Make-in-India strategy to promote electronic manufacturing, a new report showed on Thursday.The domestic consumption of display components .
Covid crisis: As sales crash, electronic, phone companies shutter plants
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Companies such as LG, Panasonic, Carrier Midea, Vivo, Oppo, Haier and Godrej Appliances have either completely shut down all their plants or cut production significantly. Some like Apple and Samsung, which also export from India, are running significantly scaled-down production units, at 25-40% of capacity, just to cater to global markets.
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Most companies are carrying over a month’s inventory. Maharashtra was the first to impose restrictions in April, followed by almost every other big state.
Large electronic and smartphone brands in India have shuttered production for domestic markets as sales have crashed to near zero amid local lockdowns, restrictions on online sales of non-essential goods and Covid-19 infections among plant workers.