The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment.
"For greater domestic value addition, we are withdrawing a few exemptions on part of chargers and sub-parts of mobiles. Further, some parts of mobile rate will move from nil rate to moderate 2.5 per cent," Ms Sitharaman said.
She added that the custom duty policy must have twin objectives of promoting domestic manufacturing and helping India get on to global value chain and export better.
"The thrust now has to be on easy access to raw materials and exports of value addition," Ms Sitharaman said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Bonanza Deals On Realme Mobile Phones: Explore The Best Picks For Every Budget On Flipkart Exclusive Deals On Flipkart: Grab Latest Vivo Mobile Phones At Up To 25% Discount Unlock Exclusive Deals On Redmi Phones With Up To 40% Off On Flipkart Big Bachat Days Explained: Why Delhi's AQI Was 494 Today But International Monitor Said 1,600 Air India Flight From Paris Diverted To Jaipur, Fliers Sent To Delhi On Bus Emergency Landing, Fliers Stuck For 3 Days In Phuket; Air India Responds Amid Souring Ties With India, Canada's Latest Move Inconveniences Flyers Curfew Relaxed In 4 Districts, Internet Suspension Lifted In Manipur Man Threatens YouTuber Sourav Joshi, Claims Links With Lawrence Bishnoi Gang Track Latest News Live on NDTV.com and get news updates from India and around the world.