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However, it should be given to meet immediate needs. "Simultaneously, I propose to exempt parts. Long term exemption can lead to dumping of these machines from foreign markets. "It is China trigger sprayer Factory a good move to encourage digital transactions.... In the long-term can, exemption to such machines can be detrimental for local manufacturing.5.Elcina Electronic Industries Association of India said the exemption should be only for short-period to meet immediate needs to address shortages of such machines.

It should not be extended for full fiscal year," ELCINA Secretary Rajoo Goel said.New Delhi: In a move to push digital payments, the government today removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.1, finger print readers, scanners and iris scanners. components for manufacturing of such device so as to encourage domestic manufacturing of these items," Jaitley said.Finance Minister Arun Jaitley said in his budget speech, "To promote cashless transactions, I propose to exempt BCD (basic custom duties), excise duties, CVD (countervailing duties), SAD (special additional duty) on miniaturised card readers and mPOS micro atms standards for version 1."The minister also exempted components from taxes to encourage domestic manufacturing of these devices.