Advertisement
Sections
Govt raises customs duty on TV, mobile phones, water heater to give a push to domestic manufacturing
As per a govt notification, customs duty on television set has been increased to 15 percent from existing 10 percent

The Finance Ministry has raised customs duty on some electronic items including television, mobile phone, projector and water heater in order to boost domestic manufacturing.As per a government notification, customs duty on television set has been increased to 15 percent from the existing 10 percent.[caption id="attachment_4259817" align="alignleft" width="380"]![Representational image. AFP]()

Representational image. AFP[/caption]Similarly, the duty on monitors and projectors has been doubled to 20 percent, said the notification issued by department of revenue of the ministry.For the push button telephone or mobile, the duty has been raised to 15 percent from nil while water heater and hair dressing instrument duty has been doubled to 20 percent.Customs duty on some other items like electric filament and discharge lamps was also tweaked.
First Published:Dec 15, 2017, 12:59:10 IST
Advertisement
Advertisement

Bharat Forge, Flying Whales sign pact to develop 60-tonne airships for India’s defence logistics
Bharat Forge has signed an MoU with Flying Whales to jointly develop and manufacture 60-tonne heavy-lift airships in India for defence logistics, strategic mobility and disaster response
3 min read
Air India to cut Delhi-Toronto flight time by 3 hours, resume non-stop services from August 1
Air India will resume non-stop Delhi-Toronto flights from August 1, cutting travel time by nearly three hours and deploying its new Boeing 787-9 Dreamliner on the route
2 min read
South Korea economy grows faster than expected in Q2 as chip exports power recovery
South Korea’s economy grew 0.6% in the second quarter, beating expectations as strong semiconductor exports offset weakness in construction investment and domestic demand
2 min read
India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin
RBI says industrial and services activity stayed resilient through June, while strong trade, stable external sector and improving foreign investment continue to support economic growth.
1 min read
Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill
Prolonged US-Iran conflict could fuel inflation, push up borrowing costs and deepen debt distress across developing economies, says Indermit Gill
2 min read
Advertisement
Advertisement

