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Finance Minister Nirmala Sitharaman announced a major reduction in customs duty for mobile phones, mobile PCBA and mobile chargers, taking the rate to 15%.
Speaking during her budget speech, FM Sitharaman said, “With a three fold increase in domestic production and almost 100 fold jump in exports of mobile phones. Over the last six years, the Indian mobile industry has matured in the interest of consumers. I now propose to reduce the BCD on mobile phone, mobile PCBA and mobile charger to 15%.
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Published: 23 Jul 2024, 12:17 PM IST
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