New Delhi: 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 late Tuesday.
The revised import duty rate of 10 per cent is applicable to various components critical for mobile phone assembly.
These components include battery covers, main lenses, back covers, and other mechanical items composed of plastic and metal.
The decision aligns with recent reports from earlier this month, where indications suggested that India was contemplating lowering import duties specifically on components that play a crucial role in the manufacturing of high-end mobile phones.
This reduction is expected to positively impact the mobile phone industry, promoting growth and competitiveness in the global market.
