A Bundle is already in your cart
You can only have one active bundle against your account at one time.
If you wish to purchase a different bundle please remove the current bundle from your cart.
You have unused credits
You still have credits against a bundle for a different licence. Once all of your credits have been used you can purchase a newly licenced bundle.
If you wish to purchase a different bundle please use your existing credits or contact our support team.
01:13
Indian gov't slashes import duty on key mobile phones' components
STORY: Indian gov't slashes import duty on key mobile phones' components
SHOOTING TIME: Feb. 1, 2024
DATELINE: Feb. 2, 2024
LENGTH: 0:01:13
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of India
2. various of mobile manufacturing unit in India
STORYLINE:
The Indian government has announced a cut in customs duty on imports of key components of mobile phones from 15 percent to 10 percent, a senior federal government official said on Wednesday.
An official notification to this effect was issued by the Department of Revenue of the Ministry of Finance on Tuesday.
The items on which the customs duty was slashed include screws, SIM socket, battery cover, main cover, GSM antennae or other mechanical items of metal for mobile phones.
The decision was taken after the India Cellular and Electronics Association (ICEA) had submitted a report before the federal government citing a big variance in import duties levied in India and other major mobile phones manufacturing countries. The ICEA report had mentioned that high customs duty on mobile phones' components led to higher costing of the final product.
The move is seen as the federal government's bid to make India's mobile phones manufacturing facilities more competitive.
"The Indian government has cut import taxes on some components of mobile phones in a bid to make the local industry more competitive. The move will help the likes of Apple and Samsung to ramp up exports," said an online report by "The Economic Times" citing experts on Wednesday.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
Categories
From the blog
Stories not Stock: 3 Reasons Why You Should Use UGC Instead of Stock Video
Video content is an essential part of a brand’s marketing strategy, and while stock footage has been a reliable go-to in the past, forward-thinking companies are looking to user-generated content for their video needs.
View post
