Govt levies 10% import duty on key smartphone parts to push Make in India
A 10% customs tax was also imposed on the imports of camera modules for phones and connectorsIndia has imposed a 10 per cent tax on imports of key smartphone components including populated printed circuit boards, which are at the heart of smartphones, according to a government document.
The government’s move on Monday confirmed a Reuters report from last week that the country was exploring new duties on the imports of populated printed circuit boards that include components such as processors, memory and wireless chips.A 10 per cent customs tax was also imposed on the imports of camera modules for phones and connectors.
The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi’s flagship ‘Make In India’ drive to turn the country into a manufacturing hub, like neighbouring China.
The Business Standard, New Delhi, 03rd March 2018