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Jio has big opportunity to tap with 'JioPhone Next'; final pricing to be key: Industry watchers

Jio has big opportunity to tap with 'JioPhone Next'; final pricing to be key: Industry watchers
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Budget woes: Customs duty hike may make ACs costlier, says industry

Express News Service
NEW DELHI: Finance Minister Nirmala Sitharaman has proposed an increase in customs duty on items that included mobile phone parts and compressors.
Industry body Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Kamal Nandi said, “The customs duty revision for the compressors, used in refrigeration and air conditioning, from 12.5% to 15% will promote indigenous manufacturing. There have been increases in import duties on motors and PCBs as well.”
He, however, added, “these are good for the medium and long term but will impact price adversely in short term due to insufficient output capacities.”
All compressors used in domestic manufacturing of ACs and refrigerators are imported from overseas. Hence a customs duty hike may impact prices of finished goods. ....

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Budget 2021: Government raises import duty on parts of mobile phones, chargers- Technology News, Firstpost

Budget 2021: Government raises import duty on parts of mobile phones, chargers
The finance minister announced withdrawal of duty exemption on components used for mobile chargers and imposed 10 percent duty on them with effect from 2 February.
Feb 01, 2021 17:07:59 IST
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition, a move that may marginally impact handset prices. Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment. For greater domestic value addition, we are withdrawing a few exemptions on part of chargers and sub-parts of mobiles. Further, some parts of mobile rate will move from nil rate to moderate 2.5 percent, Sitharaman said. ....

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Budget 2021: Custom duty hike likely to make ACs, mobile phones expensive; auto Industry raises conc- The New Indian Express

Express News Service
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday proposed an increase in customs duty on a range of items, including mobile phone parts and compressor, in her Union Budget 2021 speech.
Industry body Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Kamal Nandi said, The customs duty revision for the compressors, used in refrigeration and air conditioning, from 12.5 per cent to 15 per cent will promote indigenous manufacturing of the same and is in line with making India self-reliant in the long run. There have been increases in import duties on motors and PCBs as well .
He, however, added, these are good for the medium and long term but will impact price adversely in short term due to insufficient output capacities. All Compressors used in domestic manufacturing of ACs and refrigerators are imported from overseas. Hence a customs duty hike is likely to impact prices of the finished products. ....

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