Govt raises import duty on parts of mobile phones, chargers


She added that the custom duty policy must have twin objectives of promoting domestic manufacturing and helping India get on to global value chain and export better.

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 review of 400 exemptions in customs duty including those applicable on the mobile devices segment.

โ€œFor greater domestic value addition, we are withdrawing a few exemptions on part of chargers and sub-parts of mobiles. Further, some parts of mobile rate will move from nil rate to moderate 2.5%,โ€ Ms. Sitharaman said.

She added that the custom duty policy must have twin objectives of promoting domestic manufacturing and helping India get on to global value chain and export better.

โ€œThe thrust now has to be on easy access to raw materials and exports of value addition,โ€ Ms. Sitharaman said.

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One thought on “Govt raises import duty on parts of mobile phones, chargers

  • February 7, 2021 at 6:40 am
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    This is something New !

    Reply

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