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Finance ministry considers 10% duty on key telecom gear amid tax disputes
Plans new product classification for items at heart of Samsung, Nokia cases
Monika Yadav New Delhi
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The Union finance ministry is considering levying a 10 per cent Basic Customs Duty (BCD) on a key category of mobile tower components through a new product classification, aiming to curb the misuse of tariff exemptions and bolster domestic manufacturing.
This policy rethink comes against the backdrop of two high-profile disputes involving Samsung India and Nokia Solutions – which have claimed zero-duty benefits on the import of such items. The government, however, considers this as a case of misclassification.
Earlier this year, Samsung was served a $520 million tax demand for allegedly misclassifying the imports of remote radio heads (RRHs)
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