Budget 2023: Mobile Phones to be more affordable; import duty reduced

Nirmala Sitharaman, the Union Finance Minister, presented the Budget 2023 and made significant revisions to a number of levies and taxes.

Mobile phones will become more affordable, according to FM Sitharaman, as the Center has lowered the import duty.

“I propose to reduce the number of basic custom duty rates on goods other than textiles and agriculture, from 21 to 13," Sitharaman said.

“The Central government proposed to reduce customs duty on import of certain inputs for mobile phone manufacturing.”

She said the mobile phone output has gone up from 5.8 crore units in 2014-15 to 31 crore units last fiscal.

Source: India.com