The Indian government has significantly reduced import duties on gold, silver, platinum, and mobile phones in a move aimed at boosting exports. The customs duty on gold and silver has been slashed from 15% to 6%, while the levy on platinum has been brought down from 15.4% to 6.4%.
The duty on mobile phones, mobile PCBA, and mobile chargers has also been reduced to 15%. This decision is expected to provide relief to consumers, enhance domestic manufacturing, and promote export competitiveness in key sectors like gems, jewellery, and electronics[1][2][4][5].
Citations:
[1] https://www.devdiscourse.com/article/business/3030006-india-slashes-import-duties-on-gold-silver-and-mobile-phones-to-boost-exports
[2] https://theprint.in/economy/duty-cut-on-gold-silver-mobile-phones-aimed-at-boosting-exports-cbic-chairman/2191283/
[3] https://economictimes.indiatimes.com/wealth/invest/gold-and-silver-to-become-cheaper-customs-duty-cut-to-6/articleshow/111947617.cms
[4] https://www.hindustantimes.com/india-news/customs-duties-cut-more-rate-tweaks-soon-nirmala-101721761366992.html
[5] https://www.millenniumpost.in/big-stories/govt-cuts-customs-duty-on-gold-silver-mobile-phones-573012