Electronics industry flags inverted duty on capital goods

Electronics manufacturers on Tuesday sought targeted policy refinements, including duty rationalisation and relief on bonded warehousing provisions, at a post-Budget consultation with the ministry of electronics and information technology (MeitY) on the Rs 40,000-crore expansion of the Electronics Components Manufacturing Scheme (ECMS).

The meeting was attended by industry representatives from Dixon Technologies, Tata Electronics, ICEA, Vishay Components and ASM Technologies, among others. While welcoming the expanded outlay, companies flagged structural cost issues that they said could dilute the scheme’s impact on domestic value addition.