wordpress blog stats
Connect with us

Hi, what are you looking for?

Duties on import of mobile phone components reduced

The Central Board of Excise and Customs (CBEC) has issued a notification amending the import duty on mobile phone components like chargers, batteries and wired headsets, down to 12.5%. The import duty was increased during the Budget 2016-17 to 29.44% to include 10% custom duty, 12.5% countervailing duty and 4% special attention duty. Importers will now only have to pay the 12.5% countervailing duty, as the other duties have been revoked. Other parts or components used in the manufacture of broadband modems, routers, set top boxes for internet access, lithium-ion batteries for other than mobile handsets, digital video recorders, network video recorders and CCTV cameras will also benefit from reduced duty. This move should help manufacturers assembling complete sets in India keep their costs down. Currently, a completely packaged phone (accessories et al.) faces a 12% duty to import, for example Apple importing iPhones. The budget announced duty increase would leave such companies unaffected, instead penalizing those that choose to finish the packaging in India, like Xiaomi, Micromax and Samsung do. Various companies are currently looking to, or are already manufacturing or assembling phones in India. The increased tax would have forced these companies to either import fully packaged products, manufacture entirely in India, or increase the price of the handsets. As such, the move to revert taxes to 12% should keep most phone manufacturers happy. Manufacturing in India: The Indian government has been encouraging domestic companies to start manufacturing electronics goods within the country instead of importing them and…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ