Govt Waives Basic Customs Duty on Key Components for Electronics Manufacturing
6 Articles
6 Articles
Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rallied after the Centre expanded customs duty exemptions on electronics manufacturing machinery and components until 2029. The move is expected to reduce import costs, improve margins, encourage fresh investments and strengthen India's electronics manufacturing ecosystem across batteries, displays and smartphones.
Govt waives basic customs duty on key components for electronics manufacturing
The duty waiver covers goods used in manufacture of display assemblies, the lithium ion cell and the inductor coil module in a boost for domestic production of smartphones, laptops, wearables and smart TVs
Centre widens customs duty relief for electronics manufacturing equipment, components till 2029
The finance ministry has issued three separate notifications giving effect to the basic customs duty waiver on goods used in the manufacture of these three key components used in electronic devices
The central government has taken a major decision to promote electronics manufacturing. The government has removed the basic customs duty on materials used in the manufacture of critical components such as display assemblies, lithium-ion cells, and inductor coil modules.
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