Home » Business
    Filmi Bollywood
    • Durga Ashtami: Priyanka Chopra, Akshay Kumar, Sushmita Sen & Others Spread The Festive Joy
    • Namaste England First Day Collection: Arjun Kapoor- Parineeti Starrer Fails To Impress
    • Did Sushant Singh Rajput Make Sanjana Sanghi Uncomfortable; Mukesh Chhabra Failed To Back Her?
    • Happy Birthday Sunny Deol: Knowing The Man Beyond 'Dhai Kilo Ka Haath'!
    • 'Aishwarya Rai Bachchan Was Better Than You', When Amitabh Bachchan Told This To Abhishek Bachchan!
    • Kajol: Female-fronted Films Have Become Commercially Viable For Producers
    • Farah Khan On Sajid Khan's Sexual Harassment Allegations: 'The Twitter Trial Must Stop'! #MeToo
    • Making Men Priority Was A Big Mistake: Neena Gupta
    • Rangeela Raja Trailer: Oh Govinda, Why Did You Do This?
    • Lisa Ray Attends Durga Puja With Her Twins In Hong Kong! View Pictures
    • Namaste England Movie Review: Arjun Kapoor-Parineeti Chopra's London Dreams Deserved A Better Plot!
    • Om Puri's 68th Birth Anniversary: The Lesser Known Side Of The Acting Legend!
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".

Health and Life
  • Health Benefits Of Pineberries
  • Malnutrition In Children And Adults: Causes, Effects And Prevention
  • How Can You Live A Long And Healthy Life With Diabetes?
    • Everything You Need To Know About Scoliosis
    • Your Chapped Or Flaky Lips Could Indicate More Than Just Superficial Damage!
    • Global Handwashing Day: Why Hand Hygiene Is Important For Food Safety?
      • 10 Essential Oils For Relieving Gout Pain
      • Tuberous Sclerosis: Causes, Symptoms, Diagnosis And Treatment
      • Things To Know About Inherited Large Intestine And Rectal Cancer
        • What Is Matcha Tea And What Are Its Benefits?
        • Is Fluorescent Light Bad For You? Here's What You Should Know
        • Thyromegaly: Everything You Need To Know
          • Get Rid Of These Cancer-causing Things From Your Room!
          • World Arthritis Day 2018: Dos And Don'ts For Handling Knee Pain
          • What Are The Best Exercises For Obese People?
            • Do You Know The Benefits Of Eating In Metal Utensils?
            • Don't Like Drinking Water? Here Are Other Ways To Stay Hydrated
            • How To Help Someone With Anosognosia?
              • World Sight Day 2018: 7 Best Juices To Protect Your Eyes
              • Can Eczema Be Mistaken For Ringworm?
              • Did You Know Whole Wheat Can Cause These Health Issues?