At the same time, India can export PCBAs up to $100 billion on the back of good incentives to overcome the cost disabilities, said the report by Manufacturers Association for Information Technology (MAIT).The
Budget 2021 could result in price hike for smartphones and other components
Budget 2021 could result in price hike for smartphones and other components
By:Abhishek Malhotra, The Mobile Indian , New Delhi
Last updated : February 02, 2021 11:04 am
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India will now focus more on local smartphone manufacturing business as Finance Minister Nirmala Sitharaman announced the removal of a few custom duty exemptions on importing parts of mobile chargers and sub-parts of mobile phones.
The announcement also included the custom duty on some parts of the handsets moving towards 2.5 percent from 0 percent. Some of the new changes will be effective starting 2nd February while the remaining will come into effect starting April 1st.
Budget 2021 Impact: Phones may get costlier by 3-4% ummid.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ummid.com Daily Mail and Mail on Sunday newspapers.
Custom duty hike: Phones may get costlier by 3-4% after Feb 2
By IANS| Posted by Minhaj Adnan | Updated: 1st February 2021 3:33 pm IST
New Delhi: In another bid to boost domestic manufacturing, the government on Monday announced an increase in custom duty for up to 10 per cent on mobile chargers and some sub-parts of phones, a move that can make handsets costlier by 3-4 per cent from February 2.
Finance Minister Nirmala Sitharaman, during her Union Budget 2021-22 speech, said that withdrawing exemptions on parts of chargers and mobile phones will boost local manufacturing of smartphones.
“Domestic electronic manufacturing has grown rapidly. We are now exporting items like mobiles and chargers,” Sitharaman said.
In another bid to boost domestic manufacturing, the government on Monday announced an increase in custom duty for up to 10 per cent on mobile chargers and some sub-parts of phones, a move that can make handsets costlier by 3-4 per cent from .