GK and monthly revision

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

The Indian Government has waived the basic customs duty on essential components for electronic devices, including display assemblies, lithium-ion cells, and inductor coil modules. This move aims to boost domestic production of smartphones, laptops, wearables, and smart TVs, thereby enhancing India's self-reliance in electronics manufacturing. The Ministry of Finance has issued three notifications implementing this waiver, which is significant for the country's economic growth and technological advancement.