New Delhi: The government proposed on Friday to increase customs duties on CCTV cameras, IP cameras, digital video recorders and network video recorders to 20 percent from 15 percent, to provide a level playing field for domestic industry.
In addition, the government has proposed the hiking customs duties (BCD) on optical fibers, optical fiber bundles and cables up to 15 percent from 10 percent.
The proposals were announced in the EU budget 2019-20 presented by finance minister Nirmala Sitharaman.
She said the government has also withdrawn customs duty exemptions for specific electronic goods such as switches, sockets, plugs, connectors, relays, etc. And would now raise applicable rates.
The government has also proposed increasing customs duties for the indoor and outdoor unit of split system air conditioners to 20 percent from the current 10 percent to promote domestic production.
"Make in India is a cherished objective. To provide a level playing field for the domestic industry, the basic customs duty is increased on items such as cashews, PVC, vinyl floors, tiles, metal fittings, fittings for furniture, car parts, certain types of synthetic rubbers, marble plates, fiber optic cable, CCTV camera, IP camera, digital and network video recorders etc. ", said the Minister of Finance.
Charger and power adapter of CCTV camera / IP camera and DVR / NVR would now also receive a customs duty of 15 percent. Previously these articles were exempt from customs duties.
Customs duties on imported speakers have also been increased to 15 percent from the current 10 percent.
The government has also withdrawn customs duty exemption for capital goods used for the production of specified electronic items such as cathode ray tubes, CD / CD-R / DVD / DVD-R, deflection components, CRT monitors / color TV's and plasma display panels .
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to levy customs duties on imported end products such as CCTV cameras and CCTV recorders to promote local production and discourage imports.
. (tagsToTranslate) # Estimate the budget 2019 (t) air conditioners (t) budget 2019 (t) CCTV camera & # 39; s (t) Nirmala Sitharaman (t) Split AC (t) trade union budget 2019