Budget 2024-25 Science and Technology Update
Finance Minister Nirmala Sitharaman is presenting the budget in the Lok Sabha today. In this budget, she made a big announcement for the technology sector. A major reduction in basic customs duty on mobile phones and chargers has been announced. Due to this, the duty on mobile devices and components will now be only 15%. Mobile spare parts will also become cheaper.
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Nirmala Sitharaman said, “In the last six years domestic production has tripled and mobile phone exports have increased a hundredfold. This development has matured the Indian mobile industry for the benefit of the consumer. Hence the proposal to increase customs duty to 15% on mobile phones, mobile PCBA and mobile chargers. is.”
In his budget speech, Sitharaman made a special mention of the growth of the Indian mobile industry and the benefits to consumers. It is hoped that this decision will boost domestic production and help reduce dependence on imports.
Union Budget 2024-25 proposes:
👉 Customs duty on three more medicines to be fully removed, to provide relief to cancer patients
👉 Basic customs duty #BCD on mobile phone, mobile PCBA and mobile charger to be reduced to 15%
👉 25 critical minerals to be exempted from customs… pic.twitter.com/v1dBt2MPW7
— Ministry of Finance (@FinMinIndia) July 23, 2024
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