15% cut in custom duty for mobile phones, mobile Printed Circuit Board Assembly (PCBA), mobile chargers

NEW DELHI: Finance Minister Nirmala Sitharaman announced an additional reduction in basic customs duty (BCD) rates on several mobile phone components during her presentation of the Union Budget 2024-25.

The minister proposed a 15% cut in BCD for mobile phones, Mobile Printed Circuit Board Assembly (PCBA), and mobile chargers. The minister, while highlighting the maturity of the Indian mobile industry, noted a 100% increase in production and exports over the last six years.