DRI clarifies 10% import duty on component imports, huge relief to industry - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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DRI clarifies 10% import duty on component imports, huge relief to industry

The Department of Revenue Intelligence (DRI) has clarified that components attached to the display assembly of mobile phones will attract a combined import duty of 10%, resolving a long-standing ambiguity. This decision affects parts like SIM sockets, side keys, and antennas when included in display assembly kits. This clarification, supported by the Ministry of Electronics and IT and the Prime Ministers Office, aims to reduce litigation and confusion among manufacturers, customs officers, and the industry since the 2020 imposition of a 10% duty. The move is expected to aid the growth of the mobile phone manufacturing sector in India.


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