Connect with us

Headlines of the Day

ICEA welcomes the resolution of ambiguity on interpretation of display assembly

India Cellular & Electronics Association (ICEA) welcomes the recent circular by the Department of Revenue on interpretation of Display assembly based on recommendation of the Ministry of Electronics & IT and said it will give a positive message to all investors – Indian and global.

Mobile manufacturing was the first to come forward and adopted a Phased Manufacturing Program (PMP) to create the manufacturing capabilities and increase domestic value addition in the country. As per the PMP, Basic Customs Duty (BCD) on Display assembly was imposed on 1st October 2020 and parts of display assembly remained exempted.

This circular resolves ambiguities and interpretation challenges for display assembly that have troubled the mobile industry for the past two years. The circular provides a detailed list of parts and components that constitute a Display Assembly of a mobile phone and removing the ambiguity regarding the display assembly.

ICEA took up this issue with the relevant authorities and highlighted not just the matter, but the fact that such an interpretation would not be particularly helpful to India’s image of a country that was seriously pursuing policies to offer a predictable and stable business environment.

This clarification, we hope, will set all such challenges to rest.

“This circular is a big relief to the industry and will avoid unnecessary litigation. ICEA particularly acknowledges the Ministry of Electronics & IT and Prime Minister’s Office for leading the way to find a resolution to this challenge. We also remain deeply appreciative that the Department of Revenue has acknowledged and understood the critical issue” said Mr. Pankaj Mohindroo, Chairman ICEA.

Mohindroo further mentioned “This sets a new example in collaborative approach of the government under the dynamic leadership of the Hon’ble Prime Minister which not only understands but acts proactively to solve genuine challenges faced by the industry. We remain committed to achieving the Hon’ble Prime Minister’s vision for becoming a global hub in mobile phone manufacturing.”

This pro industry move is at the heart of achieving “Ease of Doing Business”, based on consultations with the industry, and brings predictability to the cost of doing business in India which will eventually help the country realize its dream of US$500 billion manufacturing by 2030.

For circular, visit https://www.communicationstoday.co.in/customs-duty-on-display-assembly-of-a-cellular-mobile-phone-reg/

CT Bureau

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!