Indian government’s decision to impose 10% basic customs duty on mobile phones and mobile accessories has got domestic smartphone manufacturers are rejoicing. The Import duty is imposed in order to protect the protect the local smartphone manufacturers. The Mobile accessories to be included in the ban are the charger, battery, wired headset, microphone and receiver, keypad and USB cable in a move to protect the local smartphone manufacturers.
Rajeev Jain, Director, and CFO, Intex Technologies, told IANS – “With the customs duty increase on the completely built unit (CBU) imports of mobile handsets, the government has shown its intent to support the ‘Make in India‘ initiative. We are thankful to the government for this bold step just before the implementation of Goods and Services Tax (GST),”
A statement made by the finance ministry suggests further 10% basic customs duty on certain other electronic goods as well without specifying the items. The ministry further said – “The present exemption from basic customs duty on specified parts of mobiles, namely, printed circuit board assembly (PCBA), camera module, connectors display assembly, touch panel/cover glass assembly, vibrator moto/ringer will continue,”
“Further, inputs and raw material for the manufacture of parts of above-specified electronics goods including mobile phones will also continue to be exempt from BCD,” the ministry added.
Speaking with IANS Gaurav Nigam, Senior Vice President, Head of Product, LavaInternational said – “As of now, we do not expect any change in prices of Lava brand mobile phones post the legislation of GST. Customer centricity is our focus area and hence we plan to retain the same prices; this is just to ease the purchase of our products for all our customers.”
Mr. Jain thinks the implementation of GST is a historic step. He says “This move will avoid the cascading effect of double taxation, bring more transparency and give a boost to the overall industry growth in the long run. Intex Technologies is GST-ready with all our systems and processes in sync with the new tax regime.”
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