Back
Home » Business
  •  
    Filmi Bollywood
    • Happy Birthday Dilip Kumar: These Rare Photos Of The 'First Khan' Of Bollywood Are Priceless!
    • Kareena Kapoor To Welcome Sara Ali Khan To Bollywood By Throwing A Grand Party!
    • Ranveer Singh Is Highly MIFFED With Ajay Devgn For Stealing His Thunder In Simmba
    • Unseen Photos From Priyanka- Nick's Weddings: Get Ready To Fall In Love With Them Again!
    • Rani Mukerji's Next Is Mardaani 2
    • Sara Ali Khan On Kedarnath Not Releasing In Uttarakhand
    • New York Diaries: Rishi Kapoor Goes Shopping, Neetu Kapoor Parties With Her Girl Gang!
    • Will Kangana Ranaut's Manikarnika Release On The Scheduled Date? The Film-makers Face An Uphill Task
    • Shahid Kapoor SLAMS Stomach Cancer Rumours; Requests His Fans 'Not To Believe Random Stuff'
    • Nick Jonas' Adorable Throwback Photo To Celebrate One Week Of Being Married To Priyanka Chopra!
    • Rani Mukerji's Daughter Adira Turns 3: Sonam Kapoor, Soha Ali Khan, Shilpa Shetty Attend The Bash
    • Taimur Participates In His First Sports Day At School, Wins Gold Medal! View Pictures
    • Happy Birthday Vidyut Jammwal: Bollywood's New Age Action Hero!
    • Kedarnath Sunday (Day 3) Weekend Box Office Collection: Sushant & Sara Starrer Keeps Up The Momentum
    • Anushka Sharma: I'm Not A Newcomer & I Don't Have To Do Movies Just For The Heck Of It
    • The Newlyweds Deepika Padukone & Ranveer Singh Are All Smiles At The Kalina Airport! View Pictures
    • Kedarnath SATURDAY (Second Day) Box Office Collection: The Sushant & Sara Starrer Sees A Big Jump
    • Shahid Kapoor's Family Reacts To Rumours About Him Being Diagnosed With Stomach Cancer!
    • Producer Prerna Arora Arrested By EOW For Alleged Fraud Of Rs. 32 Crore!
    • Happy Birthday Dia Mirza: The Actress Who Wooed The World With Her Dazzling Smile!
Centre Hikes Import Duty On Some Communication Parts To Up To 20%
Good Returns | 12th Oct, 2018 09:43 AM

The centre on Thursday in a bid to check rupee's plunge and ballooning current account deficit (CAD) hiked import tariffs on some select communication components that include base stations, by up to 20%.

In a notification, the Central Board of Excise and Customs (CBEC) said the new increased tariffs will come into effect from October 12. This is the second round of hike effected by the centre in more than 15 days time.

The import tariffs on loaded, stuffed or populated printed circuit boards of all the items except mobile phones, optical transport equipments and base stations is increased to 10%.

For machines used for the reception, base stations, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus other than modems, voice frequency telegraphy, digital loop carrier systems and multiplexers, duty has been increased from 10% to 20%.

Further, the hike in tariffs has also been announced in case of some of the inputs required in the communication industry such as Printer Circuit Board Assembly (PCBA).

On 26 September, to curb rise in CAD which has widened to 2.4% of the GDP in the April-June quarter of FY19, government raised import tariffs on some 19 non-essential items that include ACs, refrigerators, washing machines (less than 10 kg) to 20%.

The rupee in Thursday's session also recorded a new low of 74.50 per US dollar but later recovered to close at 74.12.

Earlier on Thursday, an official in a leading business daily report was quoted as saying, "Rupee, Balance of Payments, CAD are the main worries, we have strategy in place to tackle the situation. We will take action at opportune time on these issues".

Goodreturns.in

   
 
Health and Life
  • Cyclic Vomiting Syndrome: Symptoms, Causes & Treatment
  • Pigeon Peas: 10 Health Benefits, Nutritional Value & Recipe
  • 28 Amazing & Effective Home Remedies For Goitre
    • Black-eyed Peas: 12 Health Benefits, Nutritional Value & Recipes
    • Breadfruit: 13 Potent Health Benefits, Nutritional Facts And How To Consume
    • Can Excess Iodine Cause Hypothyroidism? Recommended Usage, Risk Factors & Warnings
      • 12 Benefits Of Bengal Gram (Black Chana Or Garbanzo Beans) For Health
      • 17 Incredible Health Benefits Of Rambutan, Uses, Nutritional Facts & Recipes
      • Liposarcoma: Types, Symptoms, Causes, Diagnosis & Treatment
        • 9 Lesser Known Benefits Of Safflower Oil; Does It Really Aid In Weight Loss?
        • What Is Kefir? Its Types, Benefits And How To Make It
        • Low Urine Output (Oliguria) – Causes, Symptoms, Diagnosis & Long-term Outlook
          • 16 Healthiest Things To Add To Your Daily Tea
          • Ackee: Benefits, Nutritional Value & Healthy Recipes
          • Arugula: Health Benefits Of The Mediterranean Wonder Green
            • Activated Charcoal: Uses, Consumption, Preparation & Side Effects
            • 11 Fascinating Health Benefits Of Honeydew And Its Nutritional Value
            • What Is Typhus? Causes, Symptoms, Treatment And Prevention
              • Guarana: Benefits Of The Exotic Seeds Of Energy
              • Health Benefits Of Pineberries
              • Malnutrition In Children And Adults: Causes, Effects And Prevention