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Get latest articles and stories on Latest News at LatestLY. There is a need to rationalise customs duties particularly in those sectors which are growing at a healthy pace for the last several decades, an official said on Thursday. Latest News | Need to Rationalise Customs Duties in Certain Sectors: Official.
The consideration comes as the electronics and information technology ministry in India is fine-tuning a proposal, aiming to include the potential duty cuts in the upcoming interim budget on February 1.
India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports
business reporter import duty cut on mobile phone components can increase domestic production of handsets by 28 per cent to usd 82 billion and boost export, crucial to support indigenous manufacturing, industry bod
Exports of gems and jewellery, petroleum products, and engineering goods, however, declined because of a global slowdown in demand