The Government Cuts Import Duties for Mobile Phone Components to 10%

The import duty on parts used in the production of mobile phones was lowered by the government on Tuesday from 15% to 10%.

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The Government Cuts Import Duties for Mobile Phone Components to 10%

The import duty on parts used in the production of mobile phones was lowered by the government on Tuesday from 15% to 10%.

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The Global Trade Research Initiative (GTRI) recently recommended reducing import duties on electronic components used to make smartphones in the upcoming budget.

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The proposal contradicts the demand of the industry association, India Cellular and Electronics Association (ICEA)

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According to the think group, exports should be free from tariffs that Indian manufacturers “must pay” on smartphones sold in the country.

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Businesses are able to import capital goods or essential inputs duty-free in order to manufacture and export electronic goods.

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This is very beneficial to big firms like Apple, who use SEZ facilities to export enormous numbers without having to pay import charges on components.

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