Mobile industry seeks Customs duty cuts to boost exports

The Indian mobile industry is advocating for a rationalisation of Customs duty to boost exports and enhance global competitiveness. The industry suggests that reducing tariffs will integrate India into global value chains, increasing job opportunities from 1.2 million to 3 million and raising value addition from 15% to 30%. India's smartphone exports surged by 40.5% in 2024, contrasting with declines in China and Vietnam. The industry demands reducing peak tariffs from 20% to 15% and eliminating tariffs on sub-assembly inputs. Simplifying the customs duty structure from seven slabs to four is also proposed to streamline compliance, reduce costs, and foster growth in domestic manufacturing and exports.