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Concessions on customized obligation have been introduced on components of cellphones, chargers and different electronics.
Finance Minister Nirmala Sitharaman in her Union Price range 2022 speech has introduced concessions on the customs obligation levied on cell phone components and different electronics to spice up home manufacturing.
“Customs obligation charges have been calibrated to offer a higher charge construction to facilitate home manufacturing of wearable units, shareable units, and digital sensible meters. Obligation concessions are being given to components of transformer of cell phone, chargers, digital camera lens of cell digital camera module, and sure different such gadgets. It will allow home manufacturing of excessive progress digital gadgets,” Sitharaman mentioned.
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