Import Duty On Mobile Phone
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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
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Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
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Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
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Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
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Push To Mobile Manufacturing, Customs Duty On Import Of Parts Slashed
In her Budget 2023-24 speech, the finance minister said India's mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal.
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Electronics Body Seeks GST Reduction on Mobile Phones, Duty Cut On Parts
ICEA has sought a roll-back of GST to 12 per cent from the current slab of 18 per cent on mobile phones
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Budget 2021: Government Raises Import Duty On Parts Of Mobile Phones, Chargers
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
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Government Likely To Raise Import Duties On More Than 50 Items: Report
Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.
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Japan Takes India To World Trade Organization Over Mobile Phone Import Duties
Some of the tariffs on goods of substantial interest to Japan were now "clearly in excess" of the rates allowed by the WTO, Japan said
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Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
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Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
-
iPhone Prices in India Marginally Increased After Import Tax Hike
On Friday, the government said that mobile imports will now be taxed at 15 percent instead of 10 percent.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
-
Push To Mobile Manufacturing, Customs Duty On Import Of Parts Slashed
In her Budget 2023-24 speech, the finance minister said India's mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal.
-
Electronics Body Seeks GST Reduction on Mobile Phones, Duty Cut On Parts
ICEA has sought a roll-back of GST to 12 per cent from the current slab of 18 per cent on mobile phones
-
Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Budget 2021: Government Raises Import Duty On Parts Of Mobile Phones, Chargers
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
-
Government Likely To Raise Import Duties On More Than 50 Items: Report
Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.
-
Japan Takes India To World Trade Organization Over Mobile Phone Import Duties
Some of the tariffs on goods of substantial interest to Japan were now "clearly in excess" of the rates allowed by the WTO, Japan said
-
Budget 2018: Customs Duty on Mobile Phone Imports Increased to 20 Percent
The Budget 2018 increase in mobile phone imports custom duty to 20 percent is aimed at increasing the local production of phones in India.
-
Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
-
iPhone Prices in India Marginally Increased After Import Tax Hike
On Friday, the government said that mobile imports will now be taxed at 15 percent instead of 10 percent.
