The government has reduced customs duty on camera lens for camera module and input/sub parts for lens of camera module of mobile phone from 2.5% to zero. Specified chemicals or items for manufacture of pre-calcined ferrite powder, for palladium tetra amine sulphate for manufacture of parts of connectors have been exempted from customs duty
If the budget proposals are passed in their current form, Indian tourists and individuals who invest globally are likely to face a surge in upfront costs for their activities. To be sure, extra TCS collected at such points can be reclaimed while filing income tax returns.