FinMin cuts import duty on mobile spare parts to 10%
Hindustan Times|February 01, 2024
The finance ministry has reduced customs duty for certain goods used in manufacturing mobile phones from 15% to 10%, a decision that officials said would help India's mobile hardware industry and one that experts believe could lead to marginally cheaper devices.
Aditi Agrawal
FinMin cuts import duty on mobile spare parts to 10%

The reduction of the import duty applies to parts such as SIM socket, screw, battery cover, front cover, middle cover, main lens, back cover, GSM antenna, sealing gaskets, and other mechanical items of plastic and metal.

For certain other parts like resin, mesh, adhesive, sponge, etc, the customs duty has been slashed to zero.

"This rationalisation of custom duties brings much needed certainty and clarity for the industry and in customs processes. I thank Hon'ble Prime Minister and finance minister for this step towards strengthening the mobile phone manufacturing system," IT minister Ashwini Vaishnaw said.

The gazette notification, however, did not specify any date for implementing the lower duty.

هذه القصة مأخوذة من طبعة February 01, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 01, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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