Centre waives customs duty on key electronics components, equipment till 2029

NEW DELHI: The Centre has waived customs duty on crucial components used in mobile phone wireless charging modules, display assemblies for industrial applications, and an expanded list of machinery for lithium-ion cell manufacturing.

In a move that will directly benefit premium smartphone manufacturers, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a ‘nil’ basic customs duty on key components required to manufacture inductor coil modules used for wireless charging in cellular mobile phones, covering nano-crystalline (NC) assemblies, e-shields, PET liners, PC shims (with Z-liner), main stranded coils, NFC coils, and Neodymium-Iron-Boron (NdFeB) Magnets.