BIF seeks reversal of hike in import duties on components, PCBAs; writes to DoT, finance ministry SECTIONS 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 Share 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.