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In a recent move to boost the export sector of India, the Ministry of Finance announced on Tuesday, 30th January, 2024, a reduction in the import duty on components used for mobile phone manufacturing
In a notification on January 30, the Centre reduced import duty for components including battery enclosures, primary lenses, rear covers, and various mechanical components made from a combination of plastic and metal and SIM sockets.
The Indian government has reduced import duty on smartphone parts, aiming to strengthen the 'Made in India' campaign. This move benefits major players like Apple and Xiaomi and makes India more competitive in the global mobile phone market.
Gadgets News News: The government has reduced import duty on certain key spare parts used in smartphone manufacturing, which is expected to lower smartphone prices. This move aims to make domestic manufacturing more competitive and boost exports. Find out how this duty cut will impact smartphone prices and the mobile phone manufacturing ecosystem.
The import duties on mechanical and plastic input parts, including the likes of SIM sockets, battery covers, main covers, screws and GSM antennae, have been slashed from 15 per cent to a more competitive 10 per cent, , central government, indian government, import duties, manufacturing