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"Post rolling out of ICEGATE (Indian Customs Electronic Data Interchange Gateway) in SEZs, the RoDTEP scheme may also be extended to SEZs," according to an office memorandum of the commerce ministry.
The government announced a reduction in the import duty for components used in the manufacturing of mobile phones. The duty has been slashed from 15 percent to 10 percent, encompassing a range of crucial components such as battery covers, front covers, main lenses, back covers, and various other items integral to mobile phone production
The GTRI report also said that India's smartphone industry, with exports booming from $ 7.2 billion in 2022 to $13.9 billion in 2023, becomes the top performer for the PLI (production linked incentive) scheme by a wide margin and over 98 per cent of smartphones sold in India are made locally.
The government should not cut import duties on electronic components used in making smartphones in the forthcoming Budget as the current tariff structure has already proven successful and changing them could harm local manufacturing, a GTRI report said on Monday. The Global Trade Research
The Global Trade Research Initiative (GTRI) advised against reducing import duties on electronic components for smartphones in the upcoming budget, emphasizing that the current tariff structure supports local manufacturing. The report contradicts the India Cellular and Electronics Association's demand for duty cuts to boost domestic production.