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Govt cuts duty on parts to spur mobile phone manufacturing
Mint Mumbai
|February 01, 2024
The Centre has slashed the duty on imported mobile phone components to 10% from 15% in a move designed to push mobile phone manufacturing in India.
The government notified lower duties for inputs used in making battery covers, main lens, back cover, antennae, SIM sockets and mechanical items of plastic and metal.
Industry welcomed the decision, which came just ahead of Finance Minister Nirmala Sitaraman presenting the interim budget on 1 February.
Telecom minister Ashwini Vaishnaw said the duty cut will "bring much-needed certainty and clarity for the industry and in customs processes. I thank Hon'ble PM and FM for this step towards strengthening the mobile phone manufacturing ecosystem."
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