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India hikes customs duty on electronic goods to 20% to push local manufacturing

The Indian government has increased the Basic Customs Duty on electronic goods, specifically flat panel displays, to 20% to bolster local manufacturing and address the inverted duty structure. This initiative aligns with India's goal to enhance its position as a global electronics manufacturing center.

The move is aimed at boosting local manufacturing

The move is aimed at boosting local manufacturing

Credit: Firstpost

Key Highlights

  • Customs duty on electronic goods raised to 20%.
  • Aim is to boost local manufacturing under the Make in India initiative.
  • Decision addresses long-standing inverted duty structure issues.
  • Target is to enhance India's competitiveness in global electronics manufacturing.
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Sources

  1. India hikes customs duty on electronic goods to 20% to push local manufacturing

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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