ICEA seeks minimum base rate of 1.5% for electronics sector under RoDTEP
Mobile devices industry body ICEA on Wednesday sought a minimum base rate of 1.5 per cent for the electronic sector under the RoDTEP scheme to push exports. The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which allows refund of duties on exported products, has been made effective in India since January 1, 2021. However, the base rates to be applicable on various sectors and product categories are still in the works. ICEA, whose members include Apple, Foxconn and Lava, estimates that the industry will pay indirect taxes to the tune of around Rs 6,000 crore on importe...