Rationalisation of tariff lines, import duties big leap towards ease of doing biz: ICEA ...Middle East

New Delhi: The recent announcement regarding adjustment of basic customs duty to 10 per cent on parts of mobile phones and mechanics symbolises the start of a paradigm shift in the approach in policy formulation of the government towards export-led growth and competitiveness, the India Cellular and Electronics Association (ICEA) said on Friday. The adjustment of basic customs duty to 10 per cent on other inputs for mobile phones classified as ‘Others’ will also reduce the possibilities of misinterpretation by custom formation and subsequent litigations during the import of mobile phone inputs. “We, as a nation, should further address tariff rationalisation to build competitiveness in the in

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