Finance Minister Nirmala Sitharaman hiked the basic customs duty on imported printed circuit board applications of specific telecom equipment—which are important for all transmission networks—from 10% to 15% in this year's Union budget to boost domestic manufacturing.
Earlier this year, an anti-dumping duty was imposed on PCBs imported from China and Hong Kong.
Companies That Could Be Affected
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As a result, the capital expenditure of telecom companies like Bharti Airtel Ltd., Vodafone Idea Ltd. and tower firms like Indus Towers Ltd. will go up. However, the move may benefit companies that make PCBAs in India like Tejas Networks Ltd.
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