Union Budget 2024: Mobile Phones, Chargers To Get Cheaper As FM Sitharaman Eases BCD
Union Budget 2024: Smartphones will now get cheaper in India as Finance Minister Nirmala Sitharaman announced a notable reduction of basic customs duty (BCD). During her record-setting seventh consecutive presentation of the Union Budget 2024, the Finance Minister announced several reductions in BCDs on multiple items.
What Is BCD?
For those unaware, BCD is a tax levied on all imported goods, as a percentage of all the final assessable value.
A reduction in BCD will lead to a reduction in the price of units.
ALSO READ: Union Budget 2024: FM Sitharaman Announces Revised Tax Slabs For New Tax Regime
How Much Is BCD Reduced For Smartphones?
As announced in the Union Budget 2024, the BCD on mobile phones, mobile printed circuit board assembly (PCBA), and m...