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'Duty cut to boost domestic phone manufacturing
The New Indian Express
|July 25, 2024
THE reduction in basic Customs duty on smartphone parts will not immediately lower smartphone prices, but it is expected to boost domestic manufacturing in the country.
Industry experts believe the announcement will strengthen India's domestic electronics manufacturing ecosystem. On Tuesday, finance minister Nirmala Sitharaman announced a 15% cut in basic Customs duty (BCD) for mobile phones, Mobile Printed Circuit Board As= sembly (PCBA), and mobile chargers.
This story is from the July 25, 2024 edition of The New Indian Express.
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