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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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Imported Mobiles to Become Costlier Due to New 10 Percent Customs Duty
The BCD of 10 percent will also be imposed on certain other electronic goods, the finance ministry statement said without specifying the items.
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Imported Mobile Phones May Cost More, Slapped With 10% Customs Duty
Inputs and raw material for manufacture of parts of specified electronics goods, including mobile phones will continue to be exempt from basic customs duty.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
Imported Mobiles to Become Costlier Due to New 10 Percent Customs Duty
The BCD of 10 percent will also be imposed on certain other electronic goods, the finance ministry statement said without specifying the items.
-
Imported Mobile Phones May Cost More, Slapped With 10% Customs Duty
Inputs and raw material for manufacture of parts of specified electronics goods, including mobile phones will continue to be exempt from basic customs duty.
