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India Boosts Electronics Output With Duty Cuts
9 Jul
Summary
- Customs duty exemptions on display, battery, and charging components extended.
- Relief applies until March 31, 2029, aiming to lower manufacturing costs.
- Expanded machinery list for lithium-ion battery production supports 'Make in India'.
India is bolstering its electronics manufacturing sector with extended customs duty exemptions on critical components. These reliefs, effective until March 31, 2029, cover inputs for display modules, wireless charging systems, and lithium-ion batteries, aiming to decrease production costs and attract new investments.
The government has exempted customs duty on essential items for display assemblies, excluding those for mobile devices and TVs. This significantly benefits manufacturers of automotive, medical, and industrial equipment displays.
Furthermore, components for smartphone wireless charging modules, including NFC and NdFeB magnets, now benefit from duty concessions. The scope for concessional customs duty on machinery for lithium-ion battery manufacturing has also been substantially broadened to cover 85 equipment categories.
These initiatives are designed to reduce reliance on imported finished goods and strengthen domestic supply chains. They align with the government's broader manufacturing strategy to deepen local value addition and attract high-tech manufacturing investments.
