Budget 2024: Tariffs, duties & nuisance tax - Here's what electronics industry wants from FM Nirmala Sitharaman

Budget 2024 Expectations: The electronics industry wants Finance Minister Nirmala Sitharaman to simplify tariff lines and streamline duties for sub-assemblies and input parts in the upcoming budget. They specifically call for reducing the current seven tariff slabs to three and eliminating nuisance tariffs of 2.5% on certain parts.