basic customs duty: Union Budget 2025: Duty cuts to help India achieve manufacturing ambitions, say electronics firms

Electronics manufacturing services (EMS) players cheered the Budget’s move to cut the basic customs duty on components to bolster manufacturing and believed it would help the country come closer to achieving its lofty ambitions. However, analysts warned that a lot would depend on whether OEMs decided to pass on the benefit to customers. “Three important measures have been announced in the Budget for the benefit of EMS and components makers,” Union Minister for Electronics and Information Technology, Ashwini Vaishnaw told ET. “Tax slabs have been…