New Delhi, Jan. 1 -- Ahead of the Union Budget, the India Cellular and Electronics Association (ICEA) has urged the Finance Ministry to streamline the nation's electronics duty structure, describing the current framework as the 'most complex globally.'
The industry body is advocating for a simplified four-tier structure to replace the existing multiple-slab system.
According to a letter obtained by CNBC-TV18, the ICEA highlights how the current duty structure undermines India's global competitiveness and export capabilities.
The proposed streamlined structure would consist of four tiers: zero duty on basic parts and inputs, 5 per cent on specific component parts, 10 per cent on sub-assemblies and components, and 15 per cent on finished...
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