ACMA aims uniform 18% GST for all auto components

17 Jan 2022 CW Team

The ACMA, which represents the auto components industry, has urged the government to impose a uniform 18% GST rate on all auto parts to reduce the impact of counterfeits in aftermarket operations.

The Automotive Component Manufacturers Association (ACMA) also asked the government to consider an upward vision of Remission of Duties and Taxes on Export Products (RoDTEP) rates in its pre-Budget recommendations, claiming that the 1% or lower rate notified for the sector is insufficient to cover the incidence of unrefunded taxes and duties borne on export products.

According to ACMA President Sunjay Kapur, the auto component industry, as an intermediary, has recommended a uniform GST rate of 18% on all auto components.

Due to the high 28% GST rate, the industry has significant aftermarket operations that are plagued by grey operations and counterfeits.

With the government's emphasis on the environment, energy security, and vehicle safety, Kapur said the auto component industry must invest in newer technologies and build capacity to meet the growing domestic demand for such products.

Kapur also praised the government's policy announcements on the Advanced Chemistry Cell (ACC) battery, auto and auto component PLI schemes, and the extension of the FAME-2 scheme.

The ACMA said an increase in RoDTEP rates, claiming that the current rate is hindering the Indian auto component industry's competitiveness.

The ACMA drew the government's attention to the importance of retaining the weighted tax deduction on R and D expenditure to encourage domestic R and D and testing.

The 2016-17 Budget reduced the weighted deduction benefit from 200% to 150%, and from April 1, 2020, the deduction will be reduced to 100%.

Aside from these recommendations, the ACMA said that it has made several suggestions to reduce India's cost of doing business.

Image Source

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..