Highlights

  • Mobile phones to get cheaper
  • Import duty reduced on phones
  • Customs duty on other electronics increased to 15%

Latest news

Sanjay Dutt refuses to click selfie with fan at Mumbai airport; netizens express disappointment

Sanjay Dutt refuses to click selfie with fan at Mumbai airport; netizens express disappointment

Wrestlers' protest: BJP MP comes out in support of athletes

Wrestlers' protest: BJP MP comes out in support of athletes

‘Project K’: Rana Daggubati says Prabhas starrer is ‘going to break boundaries

‘Project K’: Rana Daggubati says Prabhas starrer is ‘going to break boundaries

Terrorist killed in J&K's Rajouri, say security forces

Terrorist killed in J&K's Rajouri, say security forces

AI-powered drone 'kills' human operator in US military simulation: report

AI-powered drone 'kills' human operator in US military simulation: report

Budget 2023: mobile phones to get cheaper? Watch FM Nirmala's announcement on customs duty

Her statement read, "The Central government proposed to reduce customs duty on import of certain inputs for mobile phone manufacturing.”

Among items that get cheaper are mobile phones, and lithium batteries, Finance Minister Nirmala Sitharaman announced in the Budget 2023 speech.

With a reduction in import duty, mobile phones will be available at cheaper rates, FM said.

Her statement read, "The Central government proposed to reduce customs duty on import of certain inputs for mobile phone manufacturing.”

While customs duty on other electronic items such as electric chimneys in kitchens has been increased from 7.5% to 15%.

(With agency inputs)

Also watch:Budget 2023: MPs laugh as FM Nirmala slips up, says 'political' instead of 'polluting'. Watch her reply

Up Next

Budget 2023: mobile phones to get cheaper? Watch FM Nirmala's announcement on customs duty

Budget 2023: mobile phones to get cheaper? Watch FM Nirmala's announcement on customs duty

Meta asks employees to return to offices from September

Meta asks employees to return to offices from September

Gold, Silver Rates Today 2 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Gold, Silver Rates Today 2 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Gold, Silver Rates Today 1 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Gold, Silver Rates Today 1 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Amazon to pay $31 million over privacy violation in Alexa and Ring Camera lawsuits

Amazon to pay $31 million over privacy violation in Alexa and Ring Camera lawsuits

Credit card forex payment: The what, why and how of 20% TCS on foreign transactions

Credit card forex payment: The what, why and how of 20% TCS on foreign transactions

More videos

India's UPI transaction hits record 9 billion transactions worth Rs 14 lakh crore in May

India's UPI transaction hits record 9 billion transactions worth Rs 14 lakh crore in May

Amazon workers protest over recent layoffs, environmental impact and return-to-office mandate

Amazon workers protest over recent layoffs, environmental impact and return-to-office mandate

Overqualified and underemployed: China's biggest ever job crisis

Overqualified and underemployed: China's biggest ever job crisis

GST collections in May stood at ₹1.57 lakh crore, a 12% year on year increase

GST collections in May stood at ₹1.57 lakh crore, a 12% year on year increase

Coal India OFS: Fully subscribed on Day 1 amid strong institutional response

Coal India OFS: Fully subscribed on Day 1 amid strong institutional response

From PAN-Aadhaar linking to bank locker rules: list of personal finance deadlines you can’t miss in June

From PAN-Aadhaar linking to bank locker rules: list of personal finance deadlines you can’t miss in June

Best Indian brands 2023 ranking: TCS tops the list; followed by this company

Best Indian brands 2023 ranking: TCS tops the list; followed by this company

SpiceJet ordered to pay Rs 380 crore to its former promoter Sun group's Kalanithi Maran

SpiceJet ordered to pay Rs 380 crore to its former promoter Sun group's Kalanithi Maran

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.