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smartphone manufacturing

India Slashes Import Duty on Smartphone Parts to 10%

Arjun Sha
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The Finance Ministry of India has issued a notification saying that the import duty on some smartphone components has been reduced to 10% from 15%. Some of the key components include Battery cover, Front cover, Middle cover, Main lens, Back cover, GSM Antenna/Antenna of any technology, PU case/Sealing Gasket. etc. This decision may bring down smartphone prices by 3% to 5% in the budget and entry-level segments.