| Date: |
12-02-2011 |
| Subject: |
Budget 2011: ECSEPC For Zero Customs Duty For Blade Fuse Body |
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NEW DELHI: ECSEPC (Electronics and Computer Software Export Promotion Council) in its pre-budget recommendation to the finance minister has demanded zero customs duty for blade fuse body for manufacture of blade fuses.
Import Duties on Raw Materials are making manufacturing of Blade Fuse in India unfeasible. Currently India is 100% dependent on Imports for Blade Fuse Body and the country loses valuable foreign exchange as a result.
ECSEPC has thus is recommended that the present duty on import of blade fuses body may be reduced from 7.5% to nil.
Source : economictimes.indiatimes.com
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