Import duty slashed for mobile phone components to 10%
The Hindu
India has cut import duty on parts used for manufacturing of mobile phones to 10% from 15%, a move aimed at boosting exports from Asia’s third-largest economy.
India has cut import duty on parts used for manufacturing of mobile phones to 10% from 15%, a move aimed at boosting exports from Asia's third-largest economy.
“The import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10%,” the Finance Ministry said in a notification issued on January 30.
Earlier this month, Reuters reported that India was considering import duty cuts on components key to producing high-end mobile phones.
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