Import duty on mobile parts reduced to 10 percent to increase exports

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Mumbai: As part of increasing exports from the country, the government has reduced the import duty on parts used in the production of mobile phones from 15 percent to 10 percent. The notification issued on Tuesday said that the components for which duty has been reduced include battery covers, main lens, GSM antenna, SIM socket, screws, back cover etc.

This announcement of the finance ministry has come before the interim budget to be presented tomorrow. In order to bring down the production cost of mobile phones in the country, companies have been demanding reduction of import duty on parts for some time now.

A claim is being made on behalf of the industry body Cellular and Electronics Association that mobiles manufactured in India will be able to compete in the world market especially in terms of price of mobiles from China and Vietnam due to reduction in duty.

India's duty rates are high as compared to India's competitor countries China, Mexico, Vietnam and Thailand. Imported parts should be available cheaply to increase mobile exports from India.

Compared to 2021-22, India's mobile exports doubled to $11.10 billion in 2022-23. This figure is expected to be $15 billion at the end of the current financial year.


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