Tariff barriers, but for how long?
By
Binu Mathew
In late January this year, the government reduced the customs duties on assorted parts of mobile phones from 15% to 10% via a notification; it didn’t wait for the interim Budget that was to be presented shortly. Many thought the move heralded a policy decision to trim tariffs across the board, reversing the sweeping increases of these trade barriers for roughly a decade. However, that was not to be; the interim Budget did not alter the import duties much.