Union Budget 2025: Mobile Phones, TVs Could Get Cheaper Due to Changes in Customs Duty
Customs Duty Reduction on Mobile & TV Parts – Government reduces BCD on key mobile & TV components – Aims to boost domestic manufacturing in the electronics sector
Promoting Component Manufacturing – BCD on PCBA, camera modules, connectors, & fingerprint sensors cut from 2.5% to 0% – Incentives for local production of wired headsets, USB cables & receivers
TV Panel & Battery Manufacturing Boost – BCD on open cell inputs for LED/LCD TVs reduced from 2.5% to 0% – Incentives for lithium-ion battery production for EVs & mobile phones
Impact on Prices & Manufacturing – Lower input costs could make mobile phones & TVs cheaper – Encourages investment & “Make in India” – Immediate price cuts may vary due to market factors