India Inc seeks auto trigger for safeguard duty on import of capital goods SECTIONS Share Synopsis In its proposal to the commerce and industry ministry, industry has also sought a 25% depreciation for capital goods and a weighted deduction for R&D spends to encourage investment and domestic manufacturing in the sector, in the upcoming Budget. NEW DELHI: India Inc has sought an auto trigger to invoke safeguard duty in case of sudden surge in imports of capital goods. India imported $30 billion of capital goods from China, the US, Germany, Japan and South Korea in FY20 and its import dependenc...