Import Duty On Smartphones
Govt should not cut import duties on parts used in making smartphones: GTRI
The government should not cut import duties on electronic components used in making smartphones in the forthcoming Budget as the current tariff structure has already proven successful and changing them could harm local manufacturing, a GTRI report said on Monday. The Global Trade Research Initiative (GTRI) said that maintaining the current rates would help balance industry growth and long-term development in India's growing smartphone market. "Currently, tariffs on imported parts for smartphones in India are between 7.5 per cent and 10 per cent. The Budget should maintain these taxes. The Budget should not cut the import tariffs on parts used to make smartphones," it said, adding that the current rate of levies supports duty-free imports for making products to exports. The Budget is scheduled to be presented on February 1. The suggestion is in contrast to the demand of industry body India Cellular and Electronics Association (ICEA) that import duty cuts on mobile phone components c
 "Govt should not cut import duties on parts used in making smartphones: GTRI")
Duty on mobiles after GST: iPhones to get costlier; local brands won't gain
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