Other recommendations for sustained growth Customs duty on ICs (8542) over Rs 1,000 and on FDD/HDD/CDD must be removed. Excise duty on IT products should be reduced to a uniform 8 per cent. Depreciation on IT products should be raised to 100 per cent. Individuals investing in IT up to Rs 40,000 must be given personal taxation benefit once in two years. The EHTP scheme should be modified to permit DTA access at 70 per cent of the existing customs duty and CVD. Import duty on capital goods for IT manufacturing should be brought down to nil.
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