Budget 2024-25: Sitharaman proposes BCD reduction to 15% on phones, mobile PCBA, chargers

NEW DELHI: Union finance minister Nirmala Sitharaman Tuesday proposed a reduction in basic customs duty (BCD) to 15% on electronic items such as mobile phones, mobile printed circuit board assembly (PCBA), and mobile chargers. The BCD was 20% earlier.

“With a three-fold increase in domestic production and almost a 100-fold jump in exports of mobile phones in the last six years, the Indian mobile industry has matured. In the interest of consumers, I now propose to reduce the basic customs duty (BCD) on mobile phone, mobile PCBA, and mobile chargers to 15%,” Sitharaman said while presenting the Union Budget 2024-25 in Parliament.