govt levies 10 pc import duty on key smartphone components - printed circuit board assembly

by:MERITSUN     2019-11-23
govt levies 10 pc import duty on key smartphone components  -  printed circuit board assembly
New Delhi, April 2 ()
The government today imposed a 10 per cent tariff on key smartphone components such as imported camera modules and printed circuit board components to boost domestic manufacturing.
Early in the 2018 budget
On the 19 th, the government raised the tariff on mobile phones.
Minister of State for Finance Shiv Pratap Shukla submitted a notice document in this regard today at Lok Sabha, which seeks to "remove the basic tariff exemption "(BCD)
On the printed circuit board components, camera modules and connectors of cellular mobile phones, 10 cents of BCD is applied to them. . . ".
The import tax currently imposed on these three components is zero.
In another notice, the tax office increased the basic import tax on filling, loading or filling printed circuit boards related to the telephone (
Including mobile phones)
From zero to ten percent.
According to information shared by the Indian mobile phone Association, India is now the world's second-largest mobile phone manufacturer after China (ICA)
Along with Minister of telecom Manoj Sinha and Minister of IT Ravi Shankar Prasad.
The government's flagship "Made in India" program and specific incentives are designed to promote domestic manufacturing of IT and electronic products.
According to data shared by ICA, India accounted for mobile production worldwide in 2017, compared with 3 in 2014.
In 2017, India replaced Vietnam as the second largest mobile phone producer.
With the increase in mobile phone production, China's mobile phone imports also fell to less than half in 2017. 18.
Under the phased manufacturing plan, the government has imposed import duties of 15 cents on chargers, batteries, headphones, speakers, microphones, keyboards, etc (PMP).
PMP aims to promote local production of mobile phones by providing tax relief and other rewards for parts and accessories used in the equipment.
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