NEW DELHI (Reuters) – India has cut import duty on parts used for manufacturing of mobile phones to 10% from 15%, a move aimed at boosting exports from Asia’s third-largest economy.
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%, the finance ministry said in a notification issued late Tuesday.
Earlier this month, Reuters reported that India was considering import duty cuts on components key to producing high-end mobile phones.
(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Jacqueline Wong)
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