Import Duty On Mobile Phone
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Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
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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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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
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Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
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Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
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Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Budget 2021: Government Raises Import Duty On Parts Of Mobile Phones, Chargers
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
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Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
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Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
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iPhone Prices in India Marginally Increased After Import Tax Hike
On Friday, the government said that mobile imports will now be taxed at 15 percent instead of 10 percent.
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Customs Duty on Mobile Phones Won't Increase iPhone Prices in India
Last week, the government announced that it will be enforcing basic customs duty of 10 percent on imported phones. Apple's iPhones won't be affected.
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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.
-
Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
-
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.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
-
Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Budget 2021: Government Raises Import Duty On Parts Of Mobile Phones, Chargers
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
-
Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
-
Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
-
iPhone Prices in India Marginally Increased After Import Tax Hike
On Friday, the government said that mobile imports will now be taxed at 15 percent instead of 10 percent.
-
Customs Duty on Mobile Phones Won't Increase iPhone Prices in India
Last week, the government announced that it will be enforcing basic customs duty of 10 percent on imported phones. Apple's iPhones won't be affected.
-
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.
