The federal government on Tuesday proposed slashing import obligation on cellphones, chargers and a few elements which might be used for manufacturing of handsets within the Union Funds for fiscal 12 months 2024-25. Finance Minister Nirmala Sitharaman stated with a three-fold improve in home manufacturing and virtually 100-fold bounce in exports of cellphones during the … Read more
Amid stories of plans to facilitate import of wheat to bolster home availability in India, the federal government on Thursday mentioned that there is no such thing as a such plan because the nation has ample inventory of the grain to fulfill home necessities. Nonetheless, many specialists mentioned that the choice will stay on desk, … Read more
Smartphone makers have urged the Finance Ministry to decrease customized duties on essential parts within the full finances for monetary yr 2024-25. Sources counsel that the smartphone and laptop computer makers are assembly with the Ministry of Electronics and IT in addition to the Finance Ministry to get duties down on parts similar to printed … Read more
The Finance Ministry has slashed import duties by 5 per cent on numerous parts required for cellular handsets. Although some specialists really feel costs might come down by 3-5 per cent, some are not sure of any worth discount. Based on a Finance Ministry notification, responsibility has been lowered on parts corresponding to battery cowl, … Read more