Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2024-2025 on Tuesday. In the budget, the Finance Minister made many big announcements for the countrymen. Meanwhile, in the budget, the Finance Minister announced great good news for smartphone buyers. The Finance Minister announced that mobile phones will become cheaper. In such a situation, if you were planning to buy a new smartphone, then now your money is going to be saved.
Finance Minister Nirmala Sitharaman said that customs duty will be cut on mobile charges and mobile phones. The direct impact of this announcement of the Finance Minister will benefit the pockets of the customers. If explained in simple language, the new budget has given great relief to smartphone buyers, manufacturers and other tech companies.
Big relief in customs duty
Finance Minister Nirmala Sitharaman said that in the last 6 years, the production of mobile phones and related things has increased very rapidly in India. To promote it further, 15% reduction in customs duty will be done on mobile parts, PVC and components related to mobile phones.
Let us tell you that the reduction in customs duty on mobile and charger related things will have a direct impact on the prices of smartphones. The Finance Minister said that the production of mobile phones in India has increased 3 times. Now that the reduction in customs duty has been announced, if you are planning to buy a new smartphone or charger in the coming days, then you can save a lot of money.
