Budget 2024: Mobile Phones To Get Cheaper As Customs Duty Cut
Here's a look at all the customs duty revisions as announced by Finance Minister Nirmala Sitharaman in Union Budget 2024.
![<div class="paragraphs"><p>A girl looking at her mobile phone. (Source: Unsplash)</p></div>](https://media.assettype.com/bloombergquint%2F2022-12%2Fdcd54855-5d79-4458-90fe-6c636be540a4%2FA_girl_looking_at_her_mobile_phone___Source_Unsplash_.jpg?rect=0%2C141%2C2047%2C1151&auto=format%2Ccompress&w=200)
The government has proposed to reduce customs duty on mobile phones and related parts to 15%, in what is seen as a fillip to local manufacturing.
Here's a look at all the customs duty revisions as announced by Finance Minister Nirmala Sitharaman in Union Budget 2024:
Customs duty on mobile phones, related parts, chargers cut to 15%.
Customs duty on 25 critical minerals get exemption.
Customs duty on some brood stock, shrimp, fish feed cut to 5%.
Customs duty cut on real down-filling material from duck or goose.
Customs duty for manufacture of spandex yarn cut to 5% from 7.5%.
Export duty structure on raw hides, skin, leather to be simplified.
To reduce customs duty on gold, silver to 6%, platinum to 6.4%.
No customs duty on ferro nickel and blister copper.
No customs duty on oxygen-free copper for manufacture of resistors.
Customs duty raised on ammonium nitrate to 10% from 7.5%.
Customs duty raised on PVC flex banners to 25% from 10%.
Customs duty on some telecom equipment raised to 15% from 10%.