Budget 2024: Duty relief, tax rebate on telecom wishlist

Kolkata: India’s top mobile carriers are seeking a customs duty waiver on 4G and 5G network gear in the upcoming Union Budget to lower high network rollout costs and accelerate expansion of telecom connectivity across the country.

The operators will also push for suspension of 5% of adjusted gross revenue (AGR) contribution towards the universal service obligation fund (USOF) till the latter’s Rs 79,638.31 crore corpus is fully utilised, according to a pre-budget wish list that will be sent to the finance ministry shortly.