Consumer electronics makers seek customs duty hike on finished goods imports: CEAMA

The domestic appliances and consumer electronics industry expects an increase in customs duty on finished goods to discourage imports and facilitate import substitution, along with incentives for specific R&D and localisation projects under the PLI scheme, in the Budget 2022, according to Consumer Electronics and Appliances Manufacturers Association (CEAMA).

CEAMA stated that the nearly Rs 75,000-crore industry is expecting ''certain enablers'' that will encourage domestic manufacturing.

''To further encourage local manufacturers, there should be a differential duty of five per cent between the parts and finished goods,'' stated CEAMA President Eric Braganza.

''Two hundred per cent weighted deduction for R&D (research and development) spends is critical for keeping up the technological advancement for the Indian manufacturer,'' added Braganza.

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Braganza expects that the industry also expects the government to lower the GST on air conditioners to an 18 per cent tax slab and also a similar reduction for TV (above 105 cm screen size).

(With inputs from PTI)