Budget 2026: MAIT seeks customs duty cuts on key electronic components

The IT manufacture assemblage MAIT has urged the authorities to trim basal customs work connected cardinal physics components and heighten taxation incentives successful the upcoming Union Budget to fortify home manufacturing and amended planetary competitiveness.In its pre-Budget recommendations submitted to the concern and IT ministries, the Manufacturers' Association for Information Technology (MAIT) projected cutting basal customs work connected captious sub-assemblies specified arsenic camera modules, show assemblies and connectors from 10 per cent to 5 per cent to little input costs and heighten competitiveness.Highlighting planetary uncertainties, MAIT said the Budget assumes “a relation of paramount strategical importance” amid geopolitical tensions, proviso concatenation disruptions and increasing commercialized and tariff uncertainties. “Disruptions successful planetary proviso chains, geopolitical tensions, and the weaponisation of commercialized policies person highlighted the vulnerabilities inherent successful over-reliance connected imports,” the manufacture assemblage said.Push for manufacturing, jobs and exportsMAIT called for strategical interventions successful ICT adoption, AI integration, improved marketplace entree and enhanced recognition warrant sum for micro and tiny enterprises, startups and export-focused MSMEs.

To bolster home manufacturing, it stressed the request to rationalise import duties connected components not presently made successful India, arsenic per quality bureau PTI.The relation besides recommended continued incentives for home mobile manufacturing, noting that the production-linked inducement (PLI) strategy for mobiles is acceptable to extremity connected March 31, 2026. India has emerged arsenic a person successful mobile manufacturing and needs to physique connected the capableness created for some home usage and exports, it said.Further, MAIT sought zero work connected parts and inputs for inductor coils, a chopped successful import tariffs connected audio components from 15 per cent to 10 per cent, and an hold of the “import of goods for repair and return” play from 7 years to 20 years to align with planetary practices.On nonstop taxes, MAIT projected expanding the little wage headdress for deductions nether Section 80JJAA from Rs 25,000 to Rs 50,000 to relationship for wage ostentation and beforehand ceremonial occupation creation.