Budget 2024: Lower customs on phones, critical minerals will give major fillip to India’s tech sector
To start with, the Finance Ministry, led by Minister Nirmala Sitharaman, reduced the customs imposed on mobile imports, the import of various components that go to manufacture a smartphone. Even more impressive is the reduction in customs on critical minerals that go into manufacturing various components of an electronic device, say smartphone, and even batteries for electronics and EVs.
Publication Date: 24-07-2024
Publisher: firstpost