Finance minister Nirmala Sitharaman’s removal of customs duties on key electronic components will boost local manufacturing ...

A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific ...

In the Union Budget 2025, Nirmala Sitharaman announced a reduction in the price of Smart LED TVs and smartphones, boosting ...

Notably, the Basic Customs Duty (BCD) on mobile phones, chargers, and printed circuit board assemblies (PCBAs) has been ...

The government has increased BCD on Interactive Flat Panel Displays (IFPDs) from 10% to 20%, while reducing BCD on Open Cells and related components to 5%.

In the Union Budget 2025, the Indian Government today exempted customs duties on lithium-ion battery scrap and 35 capital ...

India scraps 2.5% duty on smartphone components to boost exports, with industry welcoming the move for cost competitiveness.

India’s electronics production has seen a dramatic rise in recent years, crossing the $115 billion mark in 2024, and with ...

Certain iPhone components including iPhone circuit boards will no longer face import taxes in India as the country positions ...

The 2.5 duty did not promote manufacturing but, in fact, simply resulted in increasing costs. The removal will enable ...

Industry experts believe this is expected to incentivise the domestic manufacturing sector and that the announcements related to revisions in basic customs duty (BCD) on certain components aligns well ...

Following the Budget announcement, reactions have been mixed. Some are praising it, while others are criticising it. Here's ...