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%.
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