Imported wearables to become dearer; diamonds, gemstones cheaper
Duty concessions extended to parts of transformers of mobile phone chargers and lens of mobile camera modules
Custom duties on several items such as diamonds and gemstones were cut in the annual budget, while those on wearable and hearable devices were “calibrated" to boost domestic manufacturing.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more