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Tag: india import tax

India cuts import tax on smartphone components, Apple, others set to gain
  • Technology

India cuts import tax on smartphone components, Apple, others set to gain

Cs news6 months ago04 mins

India has eliminated import duties on key components needed to manufacture mobile phones. This announcement was made by Finance Minister Nirmala Sitharaman during the annual Budget 2025 presentation on Saturday (1 February). The move is aimed at boosting local production of mobile phones, making it cheaper and more attractive for companies like Apple and Xiaomi…

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