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Mobile Phones: The industry association had earlier tabled a report highlighting the need to rationalise tariffs on mobile phone input parts to compete with the likes of China and Vietnam.
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
Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam.
In a significant move towards curtailing the prices of mobile phones, the Finance Ministry has slashed import duties by 5 per cent on various components required for mobile handsets.
The India Cellular and Electronics Association (ICEA), the nation's top electronics manufacturing industry body, on Wednesday said the move by the government to slash import duty on parts used for manufacturing of mobile phones to 10 per cent ...