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  Business   Economy  02 Apr 2018  Govt imposes 10 per cent tax on key smartphone components

Govt imposes 10 per cent tax on key smartphone components

REUTERS
Published : Apr 2, 2018, 6:00 pm IST
Updated : Apr 2, 2018, 6:00 pm IST

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

India has imposed a 10 percent tax on imports of key smartphone components.
 India has imposed a 10 percent tax on imports of key smartphone components.

New Delhi: India has imposed a 10 percent tax on imports of key smartphone components including populated printed circuit boards, which are at the heart of smartphones, according to a government document.

The government’s move on Monday confirmed a Reuters report from last week that the country was exploring new duties on the imports of populated printed circuit boards that include components such as processors, memory and wireless chips.

 

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi’s flagship ‘Make In India’ drive to turn the country into a manufacturing hub, like neighbouring China.

Tags: smartphone, imports, circuit boards, tax, make in india
Location: India, Delhi, New Delhi