Union Budget Cuts Duties: Mobile Phones, Gold, Silver Cheaper

The Union Budget has reduced basic customs duty on mobile phones, Printed Circuit Board Assembly (PCBA) and mobile chargers to 15 per cent.

Precious metals will become cheaper as customs duties on gold and silver have been reduced to 6 per cent and on platinum to 6.4 per cent.

Three more cancer-treating medicines -Trastuzumab Deruxtecan, Osimertinib and Durvalumab have been exempted from customs duties. There will also be a reduction in Basic Customs Duty (BCD) on X-ray machine tubes and flat panel detectors.

Basic custom duty has been reduced from 7.5 per cent to 5 per cent in Methylene Diphenyl Diisocyanate (MDI) which is used for the manufacture of spandex yarn.

To boost India’s seafood exports, BCD on broodstock, polychaete worms, shrimps and fish feed has been reduced to 5 per cent.

Umesh Kumar

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Umesh Kumar is the founder, chief editor, and a primary content creator at Genxsoft.info. As an experienced website administrator and tech writer, he specializes in creating deeply researched, step-by-step troubleshooting guides and insightful lifestyle articles. Umesh loves connecting with his audience through practical storytelling, covering everything from digital wellness to everyday tech solutions. He handles the daily publishing operations of the site while ensures every piece of content delivers real value to the readers. Connect with him directly on Facebook and Twitter to follow his personal updates and latest articles. Facebook | Twitter | Instagram

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