Thursday, April 23, 2026
HomeFundingIn preparation for the Budget, the Indian government has reduced the import...

In preparation for the Budget, the Indian government has reduced the import duty on various components used in smartphone manufacturing from 15% to 10%. 

Published on

spot_img

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

Latest articles

TrueBioWash Redefines Laundry Care in India with Eco-Friendly, Skin-Safe Detergents

India — In a market dominated by chemical-heavy laundry products, TrueBioWash is emerging as...

Deepan Boopathy on the Continuing Reach of “Enakenna Yaarum Illaye”

From independent release to wider recognitionA song that sustained audience interest across platformsChennai:The journey...

Daily Horoscope for 20 Apr 2026 — Monday

Here's your daily horoscope for 20 Apr 2026. Find your sign below for guidance,...

Affordable Car Battery Dealers in Aluva, Kerala | Green Energy Solutions

Your vehicle requires a dependable battery system to maintain its operational performance. A reliable...

More like this

Cultfit Secures $47 Million Funding: A Big Boost to India’s Fitness Startup Ecosystem

India’s startup ecosystem is witnessing rapid growth, especially in the health and fitness sector....

PackVision Expo to gather industry leaders in Pune

Major FMCG players including Flipkart, Big Basket, Zepto, Suhana, Bisleri, Keya Foods and many...

BEML Approves ₹1,500 Crore BRAHMA Rail Plant in Madhya Pradesh Boost for Make in India

From foundation stone to production: How this boosts Indian Railways and local economy In a...