Budget 2021: Mobile phones to get costlier as govt withdraws exemptions from some parts

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February 1, 2021 1:01 PM

Budget 2021-22: Some exemption on parts of chargers and sub parts of mobile phones are being withdrawn.

Some parts of mobile will also move from nil rate to a moderate 2.5 per cent

Union Budget 2021: Finance Minister Niramala Sitharaman has announced that the government will be exempting 400 products that are now old. Among this, some exemption on parts of chargers and sub parts of mobile phones are being withdrawn.

“Domestic manufacturing has grown rapidly. We are now exporting items like mobile and chargers. For greater domestic value additions, we are withdrawing exemption on parts of chargers and sub parts of mobile phones. Some parts of mobile will also move from nil rate to a moderate 2.5 per cent,” Sitharaman said.

Also Read: Union Budget 2021 Live Updates- Fiscal deficit in 2020-21 pegged at 9.5% of GDP, says FM Nirmala Sitharaman

Exemptions on parts of mobile phone chargers and some part of mobiles to be removed as part of Phased Manufacturing Program (PMP) to augment PLI Schemes, said Nischal S Arora, Partner, Nangia & Co.

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