Tax on Smartphone components

Tax on Smartphone components

In India, it has been seen that the use of smartphone has increased by leaps and bounds these days. Now as these have electronic items in them these products are bound not to work properly after a particular point in time. As a result of this, it has been announced on this day that a 10% extra tax will be levied on the critical parts of a mobile phone that has to be imported.

This was mainly seen last week only when the government was actually looking for new duties on printed circuit boards and so on. Also, a 10% customs tax is seen on the different modules of camera, connectors and obviously phones even. This is mainly done for the purpose of lifting the local products. This is also aimed at boosting the prime minister’s flagship that is ‘Make in India’. Again this is thought to be done by the prime minister to make the country turn into a manufacturing hub just like China.

by TNBC Staff Reporter on April 2, 2018

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