New Delhi: With an aim to put a check on the rise of prices of mobile phones, the Union Finance Ministry has reduced import duties on various components required for mobile handsets by 5 per cent.
As per a Finance Ministry notification, the import duty has been lowered on components such as battery cover, front cover, middle cover, main lens, back cover, GSM Antenna/Antenna of any technology, PU case/Sealing Gasket – Other articles of Polyurethane foam like sealing gaskets/case, sealing gaskets/ cases from PE, PP, EPS, PC and all other individual polymers or combination/combinations of polymers, SIM socket, screw and side key for use in manufacture of cellular mobile phones beside others.
An import duty of 10 per cent will now be imposed on these components instead of 15 per cent. However, the notification has not specified any date for implementation of the lower import duty.
The exports of mobile phones doubled in 2022-23 to USD 11.1 billion as compared to 2021-22. Apart from Apple, mobile phone exporters in India include South Korea’s Samsung and China-based Xiaomi.