ICEA demands more amendments in IGCR Rules to benefit electronics manufacturers
May 25, 2021
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The recently-notified CBIC circular will boost the ecosystem for electronics manufacturing, says Pankaj Mohindroo, Chairman, ICEA
The India Cellular & Electronics Industry (ICEA) has sought further amendments in Import of Goods at Concessional Rate of Duty Rules that would benefit the manufacturing fraternity.
Central Board of Indirect Taxes and Customs (CBIC) had recently amended the Import of Goods at Concessional Rate of Duty (IGCR) Rules, 2017 to benefit the importers on the consumption of imported goods covered in the notification for the manufacture of any product.
While welcoming the move, it said there are a couple of amendments that have been overlooked and should also be taken into consideration to benefit the manufacturing fraternity. The 3-4 amendments that have been overlooked and should also be added to the current circular without any delay, it said in a statement.
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