Government Announces Major Tax Cut: In a move that’s bound to excite smartphone enthusiasts across India, the government has announced a significant tax reduction aimed at lowering the prices of locally manufactured smartphones by up to 15%.
This decision, part of the 2024 Union Budget, is set to revolutionize the Indian smartphone market and boost the country’s mobile manufacturing industry.
What’s Changing?
The Finance Minister of India has declared a 15% reduction in the basic customs duty on smartphone components.
