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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

Duty cut is aimed at boosting production and exports as well as reducing local handset prices

New Delhi: In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile

Import duty on inputs used to manufacture these components has also been cut to zero.

In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.The finance ministry said in a notification that the import ...