Union Finance Minister presented Budget 2024.
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 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 on mobile charges and mobile phones will be reduced. This announcement of the Finance Minister will directly benefit the pockets of the customers. If explained in simple language, the new budget has given a big 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 items has grown rapidly in India. To promote this further, customs duty on mobile parts, PVC and components related to mobile phones will be reduced by 15%.
Let us tell you that the reduction in custom duty on mobile and charger related items 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.
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