Import Duty On Electronic Products

European conformity assessment firm says it will bring in 'rigorous quality and safety standards'

There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo, a government official aware of the matter said on Tuesday.

India has the highest tariffs on inputs in electronic segment among competing economies, according to industry body ICEA's study that analysed input tariffs in electronics sector across five nations. The high tariffs impact competitiveness, ICEA said on Thursday adding that the industry is seeking reduction of tariffs, and glide path to match Vietnam and other competing nations. The study revealed that high tariff induced costs accentuates India's cost disability vis--vis the four competing economies. India Cellular and Electronics Association (ICEA) said the study is critical to evaluate India's competitiveness to reach the USD 300 billion electronics production goal by 2025-26, including USD 120 billion of exports. A line-by-line comparison of India's non-zero tariffs shows that India's tariffs are higher for up to 98 per cent lines compared to Vietnam (for FTA tariffs) and 90 per cent of the lines compared to Thailand. The competing economies have nearly double or more, zero ta

Non-petroleum non-jewellery exports were up 6.16 per cent at $21.23 billion in the month. Imports also broke the nine-month trend of fall and clocked a 2.48 per cent rise to $37.5 billion in February.

The move is expected to boost local manufacturing in the long run