Customs duty on electronic goods increased to 20 per cent: Finance Ministry

New Delhi [India], January 21 (ANI): In a decisive move to solidify India’s position as a global electronics hub and to promote domestic manufacturing of electronic goods, the Union Finance Ministry has announced the increase of Basic Customs Duty (BCD) on flat panel displays to 20 per cent. The move will also correct the inverted duty structure on the goods.

The Ministry also reduced the BCD on open cells and key components to 5 per cent.