Union Budget 2025: Smartphone Parts’ Duty to be scrapped
Union Minister Ashwini Vaishnaw | Photo credit: the Hindu The basic customs duty of 2.5% imposed on certain smartphone components has been scrapped, following a glide path recommended by the electronics manufacturing industry. Mobile phones are fast emerging as India’s top expenses, Reaching $ 15.6 Billion Last Year. Slabs for components had been “rationalized”, it…