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Imported Mobiles to get costlier








The mobiles which are imported will become costlier due to 10 percent custom duty.
In a bid to protect the local manufactures the government has imposed a 10 percent Basic Custom Duty(BSD) on cellular mobiles & some specified parts like charger,headset,battery,microphone & so on. This decision came when government announced Goods & Service Tax across the country(GST).
Basic custom duty of 10 percent will also be imposed on certain other electronic goods.

Official statement

" The government had constituted Inter Ministerial Committee(IMC) comprising of officers from Ministry of Electronics & Information Technology  (MeitY) the Department Of Commerce (DOC) , Department Of Telecommunication (DoT) & Department Of Revenue (DoR) to identify electronic/IT/telecom products, which are not information Technology Agreement(ITA)_ I bound, for customs duty enhancement on them.

With effect from 01.07.2017, the Government has imposed 10% basic custom duty (BCD)

1:  Cellular mobile phones & specified parts of cellular mobile phones like charger,battery,wire headsets, microphone, & receiver, keypad, & so on.

2: Certain other  specified electronic goods.


The present exception from from basic customs duty on specified parts of mobiles, namely, Printed Circuit Board Assembly(PCBA), camera module, Connectors Display Assembly, Touch Panel/Cover Glass Assembly, Vibrator Motor, Ringer will continue.

Further, inputs & raw materials for manufacture of parts of above specified electronics goods including mobile phones will also continue to be exempt from BCD.

Notification NOS. 56/2017-customs, 57/2017-customs,58/2017-customs all dated 30.06.2017 have been issued in this regard.






FUN TIMES

 
Imported Mobiles to get costlier Imported Mobiles to get costlier Reviewed by Fun Times on July 04, 2017 Rating: 5

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