MAIT seeks import duty cuts on critical electronic components, tax sops in Budget 2026

New Delhi: IT industry body MAIT has urged the government to reduce the basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to bolster domestic manufacturing and global competitiveness.

In its pre-budget recommendations submitted to the Finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed lowering basic customs duty (BCD) on critical sub-assemblies, including camera modules, display assemblies, and connectors, from the current 10% to 5% to lower input costs and enhance competitiveness.