Union Budget 2019: Consumer electronic goods makers seek lower GST on large-screen TVs, air-conditioners and refrigerators
The consumer durables industry is of the view that these items are now household necessities and do not come under the luxury goods category anymore
Export volume logs 12.36% hike in December, imports register 21.12% growth, trade deficit widens to $114.85 billion
Exports in December 2017 were valued at Rs. 173648.73 crores as compared to Rs. 163344.45 crore during the same period last year, registering a rise of 6.31 percent.
The services exports data provided by the Reserve Bank of India (RBI) for June 2017 was estimated at $13.39 billion, and the trade deficit at $5.9 billion
The government has imposed a 10 percent basic customs duty (BCD) on cellular mobile phones and specified parts of cell phones like charger, battery etc.
Ravi Shankar Prasad also said that 11 crore mobile phones were made in the country in last one year compared to 6 crore earlier