This decision aims to address the demands of smartphone companies and industry bodies.
Components such as battery covers, front covers, main lenses, and GSM antennas are among those affected.
Additionally, the import duty on inputs used to manufacture these components has been cut to zero.
The move comes after the India Cellular and Electronics Association (ICEA) called for lower tariffs on components and sub-assemblies to boost smartphone exports.
According to a report by the ICEA, the country’s high tariffs on inputs hinder growth and limit export potential.
The report also suggests that mobile phone exports from India could make up 30% of total production in the current fiscal year, but only if the country can compete with China and Vietnam’s competitive tariff regime.
For more information visit at https://happenrecently.com/zepto/?amp=1
