Centre cuts duty on components used to make mobile phones
India's finance ministry has reduced customs duty on certain goods used in mobile phone manufacturing from 15% to 10%, a move expected to lower device prices slightly. The reduction applies to components such as SIM sockets, screws, battery covers, and GSM antennas. Customs duty on other parts including resin, mesh, adhesive, and sponge has been cut to zero. The move aims to boost the country's mobile hardware industry and eliminate duty inversions caused by recent free trade agreements. The exact implementation date for the lower duty has not been specified. | Latest News India
Source: hindustantimes.com