Government cuts import duty on mobile phone components to 10%
The finance ministry on January 30, notified the cut in duty on imports of components including screw, SIM socket, or other mechanical items of metal for cellular mobile phone.
![Government cuts import duty on mobile phone components to 10%](https://cdn.zeebiz.com/sites/default/files/2024/01/31/278460-mobile-components.jpg?im=FitAndFill=(1200,900))
Electronics has improved from the 9th position few years ago to India's 5th largest export in 2024. Image source | Pexels/Representative