SME Times is powered by   
Search News
Just in:   • Forex reserves rise by $2.7 bn  • US govt shuts down as Senate fails to pass stopgap budget  • SIAM expects to release documents on hybrid fuel vehicles in Auto Expo   • Mauritius India's largest FDI source in 2016-17  • Mercedes launches India's first BSVI fuel-compliant vehicle 
Last updated: 18 Dec, 2017  

mobile.thumb.jpg 10% customs duty on mobiles, hike on more items likely

mobile
   Top Stories
» Jaitley calls for CSR compliance by corporates
» Modi to attend World Economic Forum annual meeting
» Industry welcomes TRAI proposal on in-flight mobile calls, Internet services
» Unemployment may cripple economic growth, says skill minister
» Jaitley meets state FMs in pre-Budget consultation
SME Times News Bureau | 18 Dec, 2017
In a bid to protect local manufacturers, the government has imposed a 10 per cent basic customs duty (BCD) on cellular mobile phones and specified parts of cell phones like charger, battery, wire headset, microphone and receiver, key pad and USB cable from Saturday, an official statement said in New Delhi.

The decision came on the day the government rolled out Goods and Services Tax across the country.

The BCD of 10 per cent will also be imposed on certain other electronic goods, the finance ministry statement said without specifying the items.

The government had constituted Inter Ministerial Committee comprising of officers from Ministry of Electronics and Information Technology, the Department of Commerce, Department of Telecommunication and Department of Revenue to identify electronic, IT, telecom products for customs duty enhancement on them.

"The present exemption from basic customs duty on specified parts of mobiles, namely, printed circuit board assembly (PCBA), camera module, connectors display assembly, touch panel/ cover glass assembly, vibrator motor/ ringer will continue," the statement clarified.

"Further, inputs and raw material for manufacture of parts of above specified electronics goods including mobile phones will also continue to be exempt from BCD," it added.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Jan, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(26)
» GST Council reduces GST rates on 18 handicrafts items(2)
» List of items for which anti dumping duties has been levied with related notifications(1)
» Districts to be export units, says Commerce Minister(1)
» FIEO urges states to help, support exporters particularly MSMEs(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter