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Industry Leaders React to FM Nirmala Sitharaman's Budget 2024
5 months ago

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

Deccan Chronicle  

Hyderabad: Finance Minister Nirmala Sitharaman presented her 7th Budget. The government's commitment to infrastructure development is evident and pivotal for achieving long-term economic growth and prosperity.” Meenu Singhal- Socomec Regional MD, Socomec Greater India “Today’s budget announcement marks a pivotal moment for India with funding focus on 9 priorities including Productivity and resilience in Agriculture, Employment & Skilling, Human Resource …

Education Finance India Healthcare Support Growth Development
Mobile Phones, Electronics To Become Cheaper As FM Announces Major Reduction in Basic Customs Duty
5 months 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 …

India Industry Budget Mobile Phones Mobile Manufacturing Duty
Budget 2024: Finance Minister Nirmala Sitharaman announces exemption of custom duties on critical minerals
5 months ago

Budget 2024: Finance Minister Nirmala Sitharaman announces exemption of custom duties on critical minerals

The Hindu  

Finance Minister Nirmala Sitharaman on July 23 announced to fully exempt 25 critical minerals from custom duties, and reduce basic custom duties on two of them. These critical minerals include antimony, beryllium, bismuth, cobalt, copper, gallium, germanium, hafnium, indium, lithium, molybdenum, niobium, nickel, potash, rare earth elements, rhenium, strontium, tantalum, tellurium, tin, tungsten, vanadium, zirconium, selenium, cadmium, and silicon. On …

Budget Minerals Critical Minerals Sitharaman Critical Bcd Mineral
Mobile Phones to get cheaper, as FM Nirmala Sitharaman reduces basic customs duty to 15%
5 months 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 …

Mobile Phones Mobile Phones Nirmala Sitharaman Bcd Basic Customs Duty Sitharaman Reduces
Watch | Budget 2023 | Mobile phones, TVs to get cheaper; toys, bicycles, automobiles dearer
1 year, 10 months 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 Mobile Phones Mobile Mobile Phone Duty Toys Value Addition
Centre extends timeline for solar projects’ completion
1 year, 10 months ago

Centre extends timeline for solar projects’ completion

Live Mint  

NEW DELHI: In a bid to provide relief to solar power projects stuck amid a shortage of modules, the Centre has extended the deadline for completion of projects for which bids were finalized before the announcement of the basic customs duty on modules. On 9 March, 2021, the Centre announced that from 1 April, 2022 imported solar PV modules would …

Duty Centre Bcd Solar Projects Modules 9 March
Union Budget 2022 | What is cheaper and what is costlier?
2 years, 10 months 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 …

Msme Bcd Customs Duty Union Budget