Indian gov't slashes import duty on key mobile phones' components

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Indian gov't slashes import duty on key mobile phones' components

STORY: Indian gov't slashes import duty on key mobile phones' components SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 0:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India 2. various of mobile manufacturing unit in India STORYLINE: The Indian government has announced a cut in customs duty on imports of key components of mobile phones from 15 percent to 10 percent, a senior federal government official said on Wednesday. An official notification to this effect was issued by the Department of Revenue of the Ministry of Finance on Tuesday. The items on which the customs duty was slashed include screws, SIM socket, battery cover, main cover, GSM antennae or other mechanical items of metal for mobile phones. The decision was taken after the India Cellular and Electronics Association (ICEA) had submitted a report before the federal government citing a big variance in import duties levied in India and other major mobile phones manufacturing countries. The ICEA repor

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  • ILEA002262446
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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