Indian Government to Soon Lift Higher Basic Customs Duty on Mobiles, TVs
All the smartphones and TVs which are shipped to India at the moment attract high basic customs duty (BCD). This is not just to increase the cost for the end Indian consumer, but to protect the local producers. The local Indian producers are said to be currently at capacity building stage right now so that they can also manufacture smartphones and its components. The placement of higher BCD protects them... Read More