Union Budget 2024: Mobile Phones, Chargers To Get Cheaper As FM Sitharaman Eases Basic Customs Duty
8 months, 1 week ago

Union Budget 2024: Mobile Phones, Chargers To Get Cheaper As FM Sitharaman Eases Basic Customs Duty

ABP News  

Union Budget 2024: Smartphones will now get cheaper in India as Finance Minister Nirmala Sitharaman announced a notable reduction of basic customs duty. As announced in the Union Budget 2024, the BCD on mobile phones, mobile printed circuit board assembly, and mobile chargers will be reduced to 15 per cent. #BudgetWithSansadTV 👉Customs duty on three more medicines to be fully removed, to provide relief to cancer patients 👉Basic customs duty #BCD on mobile phone, mobile PCBA and mobile charger to be reduced to 15% - FM @nsitharaman @FinMinIndia #Budget2024 pic.twitter.com/KrTDkKqUQr — SansadTV July 23, 2024 Furthermore, 25 critical minerals to be exempted from customs duties and BCD on two of them will be reduced. Smartphones To Get Cheaper The major new exemptions and reductions primarily mean that smartphones and other electronic devices are expected to get considerably cheaper as the primary components used in the manufacturing of such units will now face a much-relaxed customs duty.

Tax Budget Mobile Mobile Phone Customs Duty Phones 2024 Bcd Customs Duty Union Budget Basic Customs Duty  budget  bcd  sitharaman  customs  cheaper  duty  chargers  eases  fm  union  mobile  reduced  tax  2024  used  phones

History of this topic

India slaps Samsung with tax demand of ₹5,156 crore for telecom imports
5 days, 14 hours ago

India slaps Samsung with tax demand of ₹5,156 crore for telecom imports

The Hindu  

Tax authorities have ordered Samsung and its executives in the country to pay ₹5,156 crore in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years. Seven India executives face fines of ₹695 crore, among them the network division's vice president, Sung Beam …

Phones to get cheaper after union budget
1 month, 4 weeks ago

Phones to get cheaper after union budget

Deccan Chronicle  

Hyderabad: For those waiting festival-time discounts, the Union Budget carried with it a surprise reduction in certain rates that could translate into price cuts for most commonly used gadgets. However, duty on flat panel displays used in computer monitors and televisions have increased by 10 per cent. An engineering student from JNTU, Vikas, told Deccan Chronicle, “Not stealing it from …

Customs Duty to Promote Lithium-Ion Battery, Electronics Production
1 month, 4 weeks ago

Customs Duty to Promote Lithium-Ion Battery, Electronics Production

Deccan Chronicle  

Chennai: Lithium-ion battery and electronics manufacturing received a much-needed push with the Budget exempting 35 capital goods for EV battery manufacturing, and 28 capital goods for mobile phone battery manufacturing from basic customs duty. Though the Budget removed seven tariff rates in basic customs duty, with cesses and surcharges, the actual number of tax slabs still remains high. Import of …

Budget 2025: Customs duty cut on several products to boost domestic manufacturing
1 month, 4 weeks ago

Budget 2025: Customs duty cut on several products to boost domestic manufacturing

Live Mint  

Union Finance Minister Nirmala Sitharaman announced a host of changes in basic customs duty for several products on Saturday while presenting the first full Union Budget of Prime Minister Narendra Modi's third term in office. "I also propose to add six lifesaving medicines to the list, attracting concessional customs duty of 5 per cent. She also proposed to revise the …

Cancer drugs, critical minerals get duty relief; lithium ion battery production to get a boost
1 month, 4 weeks ago

Cancer drugs, critical minerals get duty relief; lithium ion battery production to get a boost

The Hindu  

Union Finance Minister Nirmala Sitharaman announced measures in the Budget to rationalise the customs duty structure for industrial goods by removing seven tariff rates, and address duty inversion. “These will also support domestic manufacturing and value addition, promote exports, facilitate trade, and provide relief to common people,” she said while presenting the Budget on Saturday. The Finance Minister also proposed …

Budget 2025: THIS is why electric vehicles will become cheap in India
1 month, 4 weeks ago

Budget 2025: THIS is why electric vehicles will become cheap in India

Live Mint  

Finance Minister Nirmala Sitharaman announced the budget for 2025-2026 on Saturday. To encourage domestic manufacturing, the government has rolled out tax incentives, which include exemption from Basic Customs Duty on minerals like cobalt powder, zinc, lead, lithium-ion battery residual and other scraps. According to Girish Wagh, Executive Director, Tata Motors, the Union Budget 2025 lays out a roadmap for long-term …

Union Budget 2025: Laptops with touch sensitive displays to cost more, smart TVs expected to go cheaper
1 month, 4 weeks ago

Union Budget 2025: Laptops with touch sensitive displays to cost more, smart TVs expected to go cheaper

The Hindu  

Union Finance Minister Nirmala Sitharaman on Saturday announced to increase the basic customs duty on interactive flat panel display or touch sensitive display to 20% from the current 10% and simultaneously reducing the duty to 5% on open cell and other components. However, this policy change currently benefits only one bonding facility in India, creating an unequal playing field for …

Budget 2025-26: Here’s what will get cheaper and what will get costlier due to changes in basic customs duties
1 month, 4 weeks ago

Budget 2025-26: Here’s what will get cheaper and what will get costlier due to changes in basic customs duties

Op India  

For the layperson, the highlight of the Union Budget has always remained on what all have become cheaper and which of them has got costlier to buy. She also proposed to add six lifesaving medicines to the list attracting concessional customs duty of 5 per cent. In the 2023 -24 Budget, for the manufacture of Open Cells of LCD/LED TVs, …

Union Budget 2025: Mobiles, EVs, medicines, what is getting cheaper, what is costlier?
1 month, 4 weeks ago

Union Budget 2025: Mobiles, EVs, medicines, what is getting cheaper, what is costlier?

Firstpost  

Union Finance Minister Nirmala Sitharaman announced some key changes in customs duties and exemptions in Budget 2025. The BCD on frozen fish paste will be reduced from 30 per cent to five per for the manufacture and export of its analogue products. Flavouring agents in food and drinks: The BCD on synthetic flavouring essences and mixtures of odoriferous substances used …

Union Budget 2025: What Gets Cheaper & What Gets Costlier. Check Full List here
1 month, 4 weeks ago

Union Budget 2025: What Gets Cheaper & What Gets Costlier. Check Full List here

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman unveiled Modi 3.0's second Union Budget 2025-26 on Saturday, February 1, with its key focus areas on income tax slabs, boosting macroeconomic stability, and improving the ease of business. To manufacture open cells of LCD/LED TVs, the government has reduced the customs duty on parts of open cells to 2.5 per cent. Budget 2025: …

Union Budget 2025-26: What get costlier, cheaper
1 month, 4 weeks ago

Union Budget 2025-26: What get costlier, cheaper

The Hindu  

Union Finance Minister Nirmala Sitharaman has once again laid out customs duties and import tariffs changes for the upcoming fiscal year. Union Budget 2025 LIVE updates Some items featured in last year’s budget, too. For instance, cancer drugs, fish and shrimp feed and mobile phone chargers were cheaper after last year’s customs revisions. The Basic Customs Duty for raw materials …

Budget 2025: Here's How LED/LCD TVs, EV Batteries Could Become Cheaper
1 month, 4 weeks ago

Budget 2025: Here's How LED/LCD TVs, EV Batteries Could Become Cheaper

ABP News  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday, announcing a slew of measures aimed at fostering domestic manufacturing and addressing structural imbalances in the taxation system. To encourage the local assembly of electronics, Sitharaman also proposed lowering the BCD on Open Cells and related components to 5 per cent. To strengthen India’s position …

Budget 2025: FM Sitharaman announces customs duty exemption on lithium-ion battery scrap, other critical minerals
1 month, 4 weeks ago

Budget 2025: FM Sitharaman announces customs duty exemption on lithium-ion battery scrap, other critical minerals

Live Mint  

Finance Minister Nirmala Sitharaman has proposed to completely exempt colbalt powder and waste, lithium-ion battery scrap, lead, zinc and 12 other critical minerals in Budget 2025. Sitharaman also announced the inclusion of 35 additional capital goods for EV battery manufacturing and 28 additional capital goods for mobile phone battery manufacturing. During her 8th budget speech, Sitharaman said, “To the list …

Union Budget 2025: What's getting cheaper and what's getting costlier?
1 month, 4 weeks ago

Union Budget 2025: What's getting cheaper and what's getting costlier?

New Indian Express  

Life-saving drugs: The finance minister fully exempted as many as 36 essential medicines from basic customs duty, while she added 12 more minerals into the list of critical minerals, including cobalt powder, lithium-ion battery waste, lead, and zinc, to be exempt from BCD. The list of components for EV & mobile battery manufacturing has been extended to 35 additional goods …

Budget 2025: Smartphones and Smart LED TVs to get cheaper in India
1 month, 4 weeks ago

Budget 2025: Smartphones and Smart LED TVs to get cheaper in India

India TV News  

Nirmala Sitharaman, the Finance Minister of India, while presenting the Union Budget 2025-26, announced the reduced import duties on key components used in smartphones and Smart LED TVs. This will reduce the overall price for Smart LED TVs and smartphones in the country. In a related announcement, the import duty on smart TVs with LED and LCDs has also been …

EVs, mobiles, medicines: What gets cheaper, what gets costlier in Budget 2025
1 month, 4 weeks ago

EVs, mobiles, medicines: What gets cheaper, what gets costlier in Budget 2025

India Today  

Union Finance Minister Nirmala Sitharaman, while presenting Union Budget 2025, announced a massive relief for salaried employees as she announced that there would be no income tax payable for those earning up to Rs 12 lakh. After the presentation of Union Budget 2025, here's what gets cheaper and what gets costlier: WHAT'S CHEAPER? The Finance Minister added, "In this Budget, …

FM Sitharaman exempts parts for open cells in LCD/LED TVs from customs duty to boost manufacturing
1 month, 4 weeks ago

FM Sitharaman exempts parts for open cells in LCD/LED TVs from customs duty to boost manufacturing

New Indian Express  

NEW DELHI: In a bid to strengthen electronic manufacturing in India, Finance Minister Nirmala Sitharaman announced the exemption of parts used in the manufacture of Open Cells for LCD/LED TVs from Basic Customs Duty. The Basic Customs Duty on Interactive Flat Panel Displays will rise from 10 per cent to 20 per cent, while the BCD on Open Cells and …

Budget 2025: How FM Nirmala Sitharaman could streamline customs duty and GST?
2 months ago

Budget 2025: How FM Nirmala Sitharaman could streamline customs duty and GST?

Live Mint  

As Union Budget 2025 approaches, stakeholders across industries are anticipating significant policy measures in the realm of indirect taxation to drive economic growth, streamline compliance, and enhance ease of doing business. With evolving global trade dynamics and the government’s push for ‘Make in India’ and export competitiveness, the upcoming Budget is expected to address crucial issues in customs duties and …

Duty cut in electronics, mobile components can harm the ecosystem
2 months, 3 weeks ago

Duty cut in electronics, mobile components can harm the ecosystem

Deccan Chronicle  

Chennai: Amidst reports about the government considering tariff cuts on electronics and mobile phone imports, a private think tank finds that it would harm development of the component ecosystem, discourage investment, and hurt the goal of self-reliance. However, this could harm India's growing local manufacturing ecosystem and long-term ambitions in electronics, finds GTRI. Tariff cuts would harm India's developing component …

Mobile Phones, Electronics To Become Cheaper As FM Announces Major Reduction in Basic Customs Duty
8 months, 1 week ago

Mobile Phones, Electronics To Become Cheaper As FM Announces Major Reduction in Basic Customs Duty

News 18  

In a significant move aimed at giving a leg up to the domestic electronics industry, Union Finance Minister Nirmala Sitharaman announced a major reduction in customs duty for several key electronic items in the Union Budget 2024-25 on Tuesday. The basic customs duty on mobile phones, mobile printed circuit board assembly, and mobile chargers has been reduced from 20% to …

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out
8 months, 1 week ago

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 on Tuesday, with a focus on affordability and economic inclusivity. Basic customs duties on precious metals such as gold and silver have been reduced to 6 per cent, while the duty on platinum has been adjusted to 6.5 per cent. In addition, customs duties on precious metals …

Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%
8 months, 1 week ago

Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%

Deccan Chronicle  

New Delhi: Finance Minister Nirmala Sitharaman announced a reduction of 15 per cent in the Basic Customs Duty on mobile phones while presenting the Union Budget for the fiscal year 2024-25 in Parliament on Tuesday. Along with mobile phones, the BCD on mobile Printed Circuit Board Assembly, and mobile chargers will be lowered to 15 per cent. In the interest …

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty
8 months, 1 week ago

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty

Hindustan Times  

Union Finance Minister Nirmala Sitharaman, while presenting Budget 2024 in the Lok Sabha, announced the proposal to reduce the basic custom duty on mobile phones and chargers to 15 per cent from 20 per cent. While presenting the Union Budget 2024-25 in Parliament on Tuesday, FM Sitharaman said that there has been a three-fold increase in the domestic production of …

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty
8 months, 1 week ago

Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty

Hindustan Times  

Union Finance Minister Nirmala Sitharaman, while presenting Budget 2024 in the Lok Sabha, announced the proposal to reduce the basic custom duty on mobile phones and chargers to 15 per cent from 20 per cent. While presenting the Union Budget 2024-25 in Parliament on Tuesday, FM Sitharaman said that there has been a three-fold increase in the domestic production of …

2024 Union Budget 2024: Mobile phones, chargers set to be cheaper as customs duty slashed
8 months, 1 week ago

2024 Union Budget 2024: Mobile phones, chargers set to be cheaper as customs duty slashed

The Hindu  

The Centre on July 23 slashed basic customs duty on mobile phones, chargers and some components as part of the 2024 Union Budget. Union Finance Minister Nirmala Sitharaman said that duties on “oxygen free copper for manufacture of resistors”, hitherto set at 5%, would be eliminated. Exports, not domestic.” Finance Minister Nirmala Sitharaman today presented the Union Budget 2024 in …

Budget 2024: What's costlier, what's cheaper | FULL LIST
8 months, 1 week ago

Budget 2024: What's costlier, what's cheaper | FULL LIST

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 and announced several measures which will make various items cheaper. X-ray machines Cancer medicines Mobile phones Mobile chargers Mobile phone parts Solar panels Solar cells Electric vehicles Leather shoes, sandals, and wallets Gold and silver Items made of platinum Imported jewelry Seafood What's costlier in the Budget? Sitharaman proposed …

Budget 2024: Mobile phones, chargers to get cheaper as government cuts customs duty
8 months, 1 week ago

Budget 2024: Mobile phones, chargers to get cheaper as government cuts customs duty

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday presented the first budget of Modi 3.0 government. During her budget speech, Finance Minister Nirmala Sitharaman announced a significant reduction in customs duty on mobile phones, mobile PCBAs, and mobile chargers from the current 20 percent to 15 percent. Sitharaman highlighted the growth of the Indian mobile industry, noting that domestic production has increased …

Budget 2024: Mobile tariff may further increase in India due to THIS announcement
8 months, 1 week ago

Budget 2024: Mobile tariff may further increase in India due to THIS announcement

India TV News  

Budget 2024: Mobile tariff may further increase in India due to THIS announcement Finance Minister Nirmala Sitharaman made an announcement during the presentation of the union budget that can lead to further increases in mobile tariffs in the country. Meanwhile, during her budget speech, she also announced a significant reduction in customs duty on mobile phones, mobile PCBAs, and mobile …

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know
8 months, 2 weeks ago

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know

India TV News  

Budget 2024: There are high expectations regarding a potential reduction in the price of mobile phones in the upcoming budget. Last year, the central government reduced import taxes on key components, such as camera lenses, to promote mobile phone manufacturing in India. Govt likely to re-implement PLI scheme According to the report, the new NDA government is expected to re-implement …

Slash duties on smartphone parts, electronics lobby tells government
1 year, 2 months ago

Slash duties on smartphone parts, electronics lobby tells government

The Hindu  

The Indian Cellular Electronics Association, which represents domestic electronics manufacturers, called on the Union government to slash import duties for smartphone parts in the upcoming Union Budget, arguing that doing so would boost export volumes by allowing assembly firms to purchase a higher quantity of components. “India’s domestic production exceeds domestic demand, while simultaneously domestic smartphone demand except in the …

Union budget 2023: Make in India push for mobiles and TVs amidst duty relief
2 years, 1 month ago

Union budget 2023: Make in India push for mobiles and TVs amidst duty relief

Hindustan Times  

The Union Budget 2023 provided impetus to localised manufacturing for mobile phones and television sets, with finance minister Nirmala Sitharaman outlining plans to extend relief on customs duties on components for the next financial year. Official government figures peg India’s mobile phone manufacturing at 310 million units in last fiscal. Official government figures peg India’s mobile phone manufacturing at 310 …

Watch | Budget 2023 | Mobile phones, TVs to get cheaper; toys, bicycles, automobiles dearer
2 years, 1 month ago

Watch | Budget 2023 | Mobile phones, TVs to get cheaper; toys, bicycles, automobiles dearer

The Hindu  

With a view to promoting exports, boosting domestic manufacturing, and enhancing value addition, the Union Budget 2023-24 has proposed a number of changes to the Customs Duty regime which is likely to make mobile phones and TVs cheaper and a certain class of automobiles, including EVs, as well as toys and bicycles dearer. I propose to reduce the number of …

Budget 2023: EVs, mobile phones - What all will become cheaper as govt reduces customs duty
2 years, 1 month ago

Budget 2023: EVs, mobile phones - What all will become cheaper as govt reduces customs duty

India TV News  

Budget 2023: Union Finance Minister Nirmala Sitharaman on Wednesday presented her 5th and last full budget of the Modi government in its present term. The government announced a reduction in customs duty on several products and services which will further reduce the prices of several electronic goods. As a result, there are minor changes in the basic customs duties, cesses, …

Budget wishlist: ICEA for rationalisation of duties on parts, components of mobile phones, sub-assemblies
2 years, 2 months ago

Budget wishlist: ICEA for rationalisation of duties on parts, components of mobile phones, sub-assemblies

The Hindu  

India Cellular and Electronics Association has batted for rationalisation of duties on parts and components of mobile phones and sub-assemblies, saying some of the smaller tariffs should be done away with, while all inputs duties on ‘mechanics’ should be removed immediately. The 20% customs duty on high-end phones should be continued only with a maximum BCD pegged at ₹4,000 per …

Made in India phones likely to see price increase as custom duty on display goes up
2 years, 7 months ago

Made in India phones likely to see price increase as custom duty on display goes up

India Today  

It seems that the cost of mobile phones in India could increase in the near future. India’s apex indirect tax has issued an order that says more custom duty charges will be applied depending on the inputs used in mobile phones. According to a report from PTI, the import of display assembly of smartphones along with back support frames will …

Budget 2022: Customs duty to be calibrated; phones, bands, TWS may become cheap
3 years, 1 month ago

Budget 2022: Customs duty to be calibrated; phones, bands, TWS may become cheap

Live Mint  

The Union Budget 2022 presented today mentioned a cut in the customs duty on the parts which are being used in the manufacturing of a smartphone and its related ecosystem. Finance Minister Nirmala Sitharaman in her Budget speech said that it will boost the local manufacturing of electronics items. Duty concessions were also announced on parts of phone chargers and …

Union Budget 2022 | What is cheaper and what is costlier?
3 years, 1 month ago

Union Budget 2022 | What is cheaper and what is costlier?

The Hindu  

The government on Tuesday proposed to increase the basic customs duty on import of commonly used items, including headphones and earphones, loudspeakers, smart meters, imitation jewellery, solar cells, solar modules to promote domestic manufacturing in the in the Union Budget for 2022-23. However, imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid …

Centre may revise duty on electronics
3 years, 2 months ago

Centre may revise duty on electronics

Hindustan Times  

The government is likely to rejig customs duties on components or sub-parts of consumer electronics and mobile phones in the upcoming Union budget, two people familiar with the development said. The government is considering reducing import duties on components of audio devices and wearables such as smartwatches and smart bands to boost local manufacturing, the second person said, also declining …

Budget Phones to Cost More, More Companies to Sell Without Chargers: Union Budget 2021 Reactions
4 years, 1 month ago

Budget Phones to Cost More, More Companies to Sell Without Chargers: Union Budget 2021 Reactions

News 18  

Smartphone prices in India may be set for a hike in the near term, after the central government announced the removal of key exemptions for mobile phone and electronics manufacturers in India. In the Union Budget 2021 speech, finance minister Nirmala Sitharaman stated the reduction of exemptions in the manufacturing sector, imposing 2.5 percent customs duties on components, parts and …

Budget 2021: Govt raises import duty on parts of mobile phones, chargers
4 years, 1 month ago

Budget 2021: Govt raises import duty on parts of mobile phones, chargers

India TV News  

The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition. Finance Minister Nirmala Sitharaman announced a review of 400 exemptions in customs duty including those applicable on the mobile devices segment. Sitharaman presented the Union Budget 2021-22 on Monday, which was approved by the Union Cabinet headed by Prime …

Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty
4 years, 1 month ago

Union Budget 2021: Govt Removes Mobile Manufacturing Exemptions, 'Some Parts' to Face 2.5% Duty

News 18  

Domestic manufacturing of electronics have grown exponentially, and India is now even exporting mobile phones and chargers to other markets, said Finance Minister Nirmala Sitharaman at her Union Budget 2021 speech earlier today. In conjunction, Sitharaman announced that as the government targets greater “domestic value addition”, “some parts” of the mobile manufacturing process will be imposed with a 2.5 percent …

Budget 2020 | Steep hike in Customs Duty to keep China toys out of reach
5 years, 1 month ago

Budget 2020 | Steep hike in Customs Duty to keep China toys out of reach

The Hindu  

Customs Duty on a range of articles like household goods, electrical appliances, auto parts, footwear, furniture and some mobiles phone parts has been raised in the Union Budget. S. Jaikumar, country head, Swamy Associates said, “Raising Customs Duty is aimed at helping MSMEs in the country as dumping from China has been hurting them. This will boost domestic industry, local …

India imposes a ten percent tax on import of key smartphone components
6 years, 11 months ago

India imposes a ten percent tax on import of key smartphone components

Firstpost  

A customs duty of 10 percent was imposed on PCBs that are already populated with components such as memory and chips India has imposed a 10 percent tax on imports of key smartphone components, including populated printed circuit boards, as it moves to step up local assembly of mobile devices in the world’s second-biggest smartphone market. A customs duty of …

iPhones to get costlier in India due to 5 per cent increase in customs duty
7 years, 1 month ago

iPhones to get costlier in India due to 5 per cent increase in customs duty

India TV News  

As a result of 5 per cent increase in the customs duty on mobile phones, smartphone giant Apple has reportedly planned to introduce an average 3 per cent hike in the prices of iPhone variants apart from iPhone SE in India. As per reports, the cost of the Apple's anniversary edition iPhone X has been increased by Rs 3,000-3,200, and …

India Union Budget 2018: Mobile phone industry says custom duty hike to boost manufacturing
7 years, 1 month ago

India Union Budget 2018: Mobile phone industry says custom duty hike to boost manufacturing

India TV News  

India Union Budget 2018: Mobile phone industry says custom duty hike to boost manufacturing Finance minister Arun Jaitley today announced a hike in customs duty on mobile phones to 20 per cent from 15 per cent in a bid to boost local value addition in domestic electronics manufacturing. The mobile phone industry has appreciated the budget proposal to hike customs …

India Union Budget 2018-19 Highlights: Imported mobile phones to get costlier, boost to ‘Make in India’
7 years, 1 month ago

India Union Budget 2018-19 Highlights: Imported mobile phones to get costlier, boost to ‘Make in India’

India TV News  

In an attempt to boost its ‘Make in India’ agenda and promote domestic electronic companies, Finance Minister Arun Jaitley today increased the custom duty on mobile phones from 15 per cent to 20 per cent – a move that will make imported smartphones costlier. "Customs duty on import of mobile phone parts will be increased to 20 per cent from …

Budget 2018: Customs Duty on Mobile Phones to Hiked to 20 Percent
7 years, 1 month ago

Budget 2018: Customs Duty on Mobile Phones to Hiked to 20 Percent

News 18  

Finance Minister Arun Jaitley today announced a hike in customs duty on mobile phones to 20 per cent from 15 per cent in a bid to boost local value addition in domestic electronics manufacturing. I propose to increase customs duty on mobile phones to 20 per cent from 15 per cent and on some other parts and accessories to 15 …

Union Budget 2018: Govt hikes custom duty on phones, hopes to boost Make in India
7 years, 1 month ago

Union Budget 2018: Govt hikes custom duty on phones, hopes to boost Make in India

India Today  

The Government of India has decided to hike custom duty on mobile phones to boost domestic manufacturing. Union Minister Arun Jaitley, who presented the Budget 2018, in the Lok Sabha on Thursday, announced that an updated 20 per cent custom duty will be levied on mobile phones. On the one side, it's set to give "Make in India" a filip, …

Govt Hikes Custom Duty on Mobile, TVs to Push ‘Make in India’
7 years, 3 months ago

Govt Hikes Custom Duty on Mobile, TVs to Push ‘Make in India’

The Quint  

In addition to mobile phones, the duty on monitors and projectors has been doubled to 20 percent, said the notification issued by the Department of Revenue. For the push button telephones or mobiles, the duty has been raised to 15 percent from 0, while duty on water heaters and hair dressing instruments has been doubled to 20 percent. The push …

Discover Related