Centre slashes import duty on mobile phone components from 15% to 10%

In a bid to boost exports, the Ministry of Finance announced late on Tuesday that it is reducing the import duty on parts used to manufacture mobile phones to 10 per cent from 15 per cent earlier.

According to the notification, the components on which the duty has been reduced include battery covers, main lens, GSM Antenna, SIM socket, screw, back cover, and other mechanical items of plastic and metal, among others.

This comes just a day before the Centre is set to announce its Interim Budget 2024 in the Parliament.

Notably, several companies had been pushing for duty cuts on over a dozen components, to reduce the cost of making mobile phones in India.