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Policy Update
 
LED lighting Industry unhappy over Import Duty on Inputs, to meet Power Minister: LED lighting companies will meet power minister Piyush Goyal to raise concerns about the imposition of import duty on input components. Budget 2017 proposes to levy a 5% basic customs duty on all parts and other inputs used in manufacturing LED lights.

There was no customs duty on imported MPCBs (motor protection circuit breakers) so far, while there was a 10% duty on finished LED products. However, prices of LED lights aren't expected to rise as the government has also reduced the excise duty on components to 6%. The LED lighting industry had asked the government for a 20% customs duty on finished LED lights, said Shyam Sujan, secretary general at industry association Elcoma.

Sunil Vachani, Chairman of Dixon Technologies, said the industry will make representations to the power ministry seeking suitable amendments in the proposal. "The PCBs (components) imported for LED lamps manufacture falls in the ITA1list of the WTO of which India is a signatory. This bars imposition of customs duty on PCBs. The proposal would hurt the government's Make in India scheme," he said.

Meanwhile, electrical companies which import drivers or PCBs for manufacturing LED lamps have hailed the move.

"A course correction in CVD (countervailing duty) and BCD (basic customs duty) structure on renewable energy and LED products and components will give the necessary impetus to local manufacturers, aligned to government's `Make in India' vision," Anchor Electricals said in a statement issued post budget.

Saurabh Kumar, MD of Energy Efficiency Services that implements the government's LED lamp distribution scheme, said: "Duty cuts in LED manufacturing will encourage further innovation and support our ongoing efforts to reduce the cost of cutting-edge technology. This is a stepping stone towards India becoming a global leader in energy efficiency programmes."

EON Electric chairman VP Mahendru said: "With rural development being one of the major focuses for 2017-18, there has been an increased allocation for the rural electrification which will in turn benefit the manufacturing and sale of the electrical appliances."
(ET, Feb 03, 2017)
 
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