The Department of Revenue, Ministry of Finance has slashed import duty on selected mobile phones components from 15 percent to 10 percent.
As per a Ministry of Finance notification, mobile parts including mechanical and plastic input parts such as the SIM socket, battery cover, main cover, screws, GSM antenna/antenna of any technology, PU case/sealing gasket, sealing gaskets/ cases from PE, PP, EPS, PC, SIM socket, screw, will now attract an import duty of 10 percent.
Duties on display assembly parts including conductive cloth, LCD panels, conductive foam, LCD foam, BT foam, heat dissipation sticker battery cover, sticker-battery slot, protective film for main lens, Mylar for LCD FPC and film-front flash too have been reduced to 10 percent.
The government has also brought down the duty on side key for use in manufacture of cellular mobile phones to 10 percent.
The change in policy follows the submission of a recommendation by India Cellular and Electronics Association (ICEA).
The ICEA had urged for a level playing field, as import duties in China, Vietnam, India, and other nations, are lower, and leads to a steep cost disability for the Indian products in the international markets.
The ICEA has urged the ministry to streamline the current complex tariff structures by bringing in just three slabs of 0 percent, 5 percent and 10 percent by 2025.