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NEW DELHI: Mobile prices may come down as the government slashed import duty on certain key spare parts ahead of the Budget to make domestic manufacturing more competitive and give a boost to exports. The move is expected to help a variety of companies, such as, Apple, Xiaomi, Vivo, Oppo, and Samsung.
Import duty on parts like battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, GSM antenna, and other parts, has been reduced to 10%, the finance ministry said in a notification.Import duty on inputs used to manufacture these components has been cut to zero,.
Telecom minister Ashwini Vaishnaw in a post on X said duty rationalisation would strengthen mobile phone manufacturing ecosystem.
GTRI co-founder Ajay Srivastava said duty cut will have no impact on improving export competitiveness of mobile phones made in India as all inputs, parts, and components used in phones for exports can already be imported at zero duty under various schemes like SEZ, advance authorisation.
Import duty on parts like battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, GSM antenna, and other parts, has been reduced to 10%, the finance ministry said in a notification.Import duty on inputs used to manufacture these components has been cut to zero,.
Telecom minister Ashwini Vaishnaw in a post on X said duty rationalisation would strengthen mobile phone manufacturing ecosystem.
GTRI co-founder Ajay Srivastava said duty cut will have no impact on improving export competitiveness of mobile phones made in India as all inputs, parts, and components used in phones for exports can already be imported at zero duty under various schemes like SEZ, advance authorisation.
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