Duty cuts on IT hardware


Finance Minister announced cuts in import duty on (5%) computers (PC, Laptop),
excise duty cuts from 16% to 8% and abolition of SAD (4%) There is reduction
in duty of cellular phone handsets and equipment for telecom and fibre optic
cable manufacture. All these would lead to nearly 10% reduction in computing
and communication prices. This is definitely welcome for further growth in IT
into “the heart of India”, particularly the middle classes and those in rural
India. PC and Phone density has to increase manyfold before India can even
dream of becoming IT superpower. Today’s news is indeed a step in the right
direction

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