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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 …

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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 …

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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 …

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Budget wishlist: ICEA for rationalisation of duties on parts, components of mobile phones, sub-assemblies
1 year, 10 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 …

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Mobile Phone Display Assembly Fitted with Items to Attract 15 Pc Import Duty: CBIC
2 years, 4 months ago

Mobile Phone Display Assembly Fitted with Items to Attract 15 Pc Import Duty: CBIC

News 18  

New Delhi, Aug 19: Import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty, the Central Board of Indirect Taxes and Customs has said. Currently, display assembly of mobile phones attracts 10 per cent customs duty, and nil duty on imports of inputs …

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