HomeNewsBusinessEconomyGovt notifies roll back of import duties on mobile components

Govt notifies roll back of import duties on mobile components

In the Budget for 2016-17, Finance Minister Arun Jaitley had proposed to levy a basic customs duty of 10 percent on charger or adaptor, battery, wired headsets for use in manufacture of mobile handsets including cellular phones.

May 10, 2016 / 07:55 IST
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The Central Board of Excise and Customs (CBEC) has issued notifications partly rolling back import duties of 29.441 percent imposed on key mobile phone components such as chargers and batteries.

In the Budget for 2016-17, Finance Minister Arun Jaitley had proposed to levy a basic customs duty of 10 percent on charger or adaptor, battery, wired headsets for use in manufacture of mobile handsets including cellular phones.

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Another 12.5 percent countervailing duty was proposed on the same and a 4 percent Special Additional Duty, totalling the incidence of duties to 29.441 percent.

Following representation from the industry, Jaitley in reply to the debate on Finance Bill last week announced partial roll back of these duties.