Upcoming budget likely to have an incentive package for manufacturing sector
Digital India

Upcoming budget likely to have an incentive package for manufacturing sector

Views: 1.1K
Tax Incentive

Tax Incentive

The Department of Electronics and IT (DeitY), pitching for the incentives, has suggested the Finance Minister to look at providing 10 year tax holiday for manufacturing of mobile handsets, tablets, laptops, desktops, telecom equipment, solar cells and medical electronics as aligned to ‘Make in India’ campaign.

Also, the 10 year tax holiday should be made available for fresh investments in a block of 15 years in Special Economic Zones, domestic tariff area, export oriented units and Electronic Hardware Technology Park.

DeitY has also recommended removal of special additional duty from inputs and components, differential excise duty structure for laptops and desktops and 5% interest subsidy scheme for the electronics industry.  A case of extending 5% Focus Product Scheme to give a push to exports of hardware industry is also made by the department. The Finance Minister Arun Jaitley in the upcoming budget is likely to make some announcements in this regard.

Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.

Recommended from all portals

Click to comment

Leave a Reply

Your email address will not be published.

Latest News

To Top