Budget Outlines Government’s Resolve on Boosting Manufacturing,” Manish Sharma – Panasonic India
The Union Budget 2019-20 is aimed at strengthening the fundamentals. From a consumer electronics industry perspective, Government of India’s move to increase basic customs duty (BCD) on indoor and outdoor unit of split system air conditioners from 10% to 20% and CCTV cameras and IP cameras from 15% to 20% is a positive step forward.