Clarity on customs duty may boost local telecom gear manufacturing
The government expects a boost to domestic manufacturing of telecom equipment after a clarification around customs duty on various products, with companies likely getting a 25% fillip to make the products in the country instead of importing.
An official in the Department of Telecommunications (DoT) said most products fall under the 20% customs duty bracket. But if firms start making the products locally as part of the telecom equipment production-linked incentive (PLI) scheme, they won’t ..
Read more at: ECONOMIC TIMES
Leave a Reply