Impact of Budget 2024 on Mobile Phone Pricing
Tuesday, 23 July 2024, 09:39
Overview of Budget 2024
In her recent announcement, Union Finance Minister Nirmala Sitharaman revealed a reduction in the basic custom duty on mobile phones.
Details of the Announcement
- The basic custom duty on mobile phones is now set at 15%.
- This includes duties for PCBA and chargers.
- Consumers can expect more competitive smartphone pricing as a result.
Conclusion
The reduction in custom duties is a significant move to enhance the affordability of mobile devices in India, potentially stimulating growth in the mobile phone market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.