Explorer

Govt increases excise duty on foreign Mobile phones, TVs and microwaves

The same can be seen as Govt's move to promote 'Make In India' initiative

New Delhi: The government on Friday increased the custom duty on Foreign made mobile phones, microwaves and televisions to 20%. Earlier the custom on these goods was 10%. This is being seen as a major move by Government to discourage the use of foreign made gadgets and incline towards gadgets made in India. The same is likely to promote Prime Minister Narendra Modi’s ‘Make In India’ initiative as if the excise duty on foreign goods would increase, it would in turn increase their prices and would shift the market towards India made gadgets, which would increase the jobs and market share of Indian goods. Also, if the Indian markets would flourish, it would attract more foreign investments, which would in turn increase the job opportunities in India.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Advertisement
for smartphones
and tablets

Videos

Elvish Yadav's reaction on Munawar Faruqui's arrest, Watch Video | HOT NewsNawazuddin Siddiqui And Aliya Fixes Relationship Disbalance For Kids Upbringing | Khabar Filmy HaiRamayana: Sakshi Tanwar dismisses speculations of being a part of the movie, Watch videoWill there be a date clash between Bigg Boss 18 and Lock Up Season 2? | HOT News

Photogallery

Embed widget