Govt waives basic customs duty on key components of electronic devices to promote domestic production 

 
The Government has waived the basic customs duty on goods used in the manufacturing of display assemblies, lithium-ion cells and inductor coil modules with an aim to promote domestic production of electronic devices like smartphones, laptops, wearables and smart TVs. The Ministry of Finance has issued three separate notifications giving effect to the basic customs duty waiver on the goods used in manufacture of the three key components used in electronic devices. 
Electronics and IT Secretary S Krishnan said, the government’s move to waive basic customs duty on key components for electronics manufacturing will help deepen the value chain and the ecosystem.