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.)
Smartphones On A Budget: Get A Minimum 20% Off On Vivo Smartphones At Christmas Speical Sale On Myntra Budget-Friendly Smartphones: What To Look For And What To Avoid Unlock Amazing Savings: Explore Android Mobile Phones From Vivo At Up To 32% Off On Flipkart Parents On Mumbai Ferry Wanted To Toss Children In Sea. Rescuers Stopped Them Robin Uthappa Faces Arrest Warrant For Alleged Provident Fund Fraud On Camera, Car Flips 8 Times, But No One Hurt. They Then Ask For 'Tea' PM Modi Invites People To Visit 'Rann Utsav' For "Lifetime Experience" PM In Kuwait, Meets Translator, Publisher Of Mahabharata, Ramayana In Arabic Maha Kumbh 2025: Key Dates For Shahi Snan, Significance And Other Details Track Latest News Live on NDTV.com and get news updates from India and around the world.