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Duty Route To Lift Electronics Parts Production Likely
Mint Bangalore
|January 16, 2025
Carefully Executed Tariff Protection Could Boost Local Manufacturing Of Semi-Finished Goods
March 2025. In the case of mobile phones, basic customs duty on speaker assemblies, printed circuit boards and batteries will go up to 15% from 1 March from 10% now.
"Customs tariffs have proven to be an effective tool in fostering domestic manufacturing when implemented strategically," said Sanjay A. Chhabria, indirect tax lead at Nexdigm, a business and professional services company. "The government in this budget must focus on a nuanced approach protecting domestic industries, encouraging backward integration and ensuring global competitiveness, keeping in mind the long-term growth and export potential."
This story is from the January 16, 2025 edition of Mint Bangalore.
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