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BOI adds benefits for upstream SEMICONDUCTOR manufacturing
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BIF seeks reversal of hike in import duties on components, PCBAs; writes to DoT, finance ministry
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BIF seeks reversal of hike in import duties on components, PCBAs; writes to DoT, finance ministryPTI
Last Updated: Apr 19, 2021, 04:16 PM IST
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Synopsis
Earlier in its letter dated March 1, BIF had called attention to the Budget-related notification, and rued that the telecom industry will be liable to pay basic customs duty (BCD) and Social Welfare Surcharge (SWS) on inputs or raw materials for manufacturing of telecommunication equipment falling in the said list.
Agencies
Despite the government push for Make-in-India under the Aatmanirbhar Bharat mission, telecom products made in India will, as a result of the recent move, become costlier than the finished products imported from FTA countries, the BIF claimed.
Cypress Industries Expands PCB, High Level Assembly in Mexico
Cypress Industries has added additional Printed Circuit Board Assembly (PCBA) lines and expanded our High Level Assembly (HLA) footprint at our Mexico plant in order to handle additional volume.
These competitive advantages position our PCBA and HLA groups strategically for our customers looking to reshore to North America by providing a competitive cost structure while, in most cases, avoiding tariffs. We are able to do this through a transformation on products sourced from China that are integrated into finished goods at our Mexico plant, says Hardt As part of our expansion, we have hired VP of Operations Thomas Hardt to enhance our expertise and facilitate our growth, said Cypress Industries CEO Tom Lonsdale. I am excited to have Thomas on board as he brings decades of relevant management experience. Thomas is also a fit with our corporate cultur
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