- Center removed duty on components for making smartphones and laptops.
- Production will be cheaper, customers expect prices to drop soon.
- Allowance to reduce domestic production and foreign dependence by 2029.
Smartphone And Laptop Could Become Cheaper: Customers struggling with the high prices of smartphones, smart TVs and laptops may get big relief in the coming days. Taking a big step, the Central Government has abolished Basic Custom Duty (BCD) on the materials used in making smartphones, laptops, smartwatches, fitness bands and smart TVs. This will make it cheaper for companies to make smartphones and other devices and customers can also benefit from it. Therefore, it is expected that the prices of devices like smartphones and laptops may come down slightly in the next few days.
Exemption will continue till March 2029
The government has abolished basic duty to increase domestic production. Now the materials used in making display assemblies, lithium-ion cells and inductor coil modules will become cheaper. This discount will continue till March 31, 2029. Through this, the government wants to increase the production of electronics goods in the country and reduce the costs of companies. Till now, India is largely dependent on China and Vietnam for display assembly and lithium-ion cells etc. The government has taken this decision to end this dependence. This will increase domestic production and reduce dependence on foreign countries.
Smartphones, laptops, smart TVs and other devices can become cheaper
Display assembly and lithium-ion constitute a large part of the total cost of any smartphone, laptop and smart TV. Earlier, basic custom duty of 5-7.5 percent was levied on these. Now after its removal, it will become cheaper for companies to buy them and their manufacturing cost will also reduce. To give this benefit to the customers, companies can make devices like laptops, smartphones, smart TVs made in India cheaper.
Phones and laptops are becoming increasingly expensive
AI boom has led to shortage of storage and memory chips. Due to shortage in supply and on the other hand, high demand, their prices are skyrocketing. Due to this, the cost of companies making smartphones and laptops etc. has increased and this is affecting their prices. This is the reason why companies like Apple to Samsung and Lenovo to Dell are increasing the prices of their smartphones, laptops and smart TVs. Now after the decision of the Government of India, there is hope that at least the devices made in India will become cheaper.
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