In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.
The finance ministry said in a notification that the import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10 per cent.
The move will help companies like Apple to manufacture more of its high-end premium smartphones in the country.
India’s smartphone input tariffs are currently the highest among the competing manufacturing destinations.