Budget 2018: Custom duty rejig may make smartphones, gadgets costlier

Through this, the government will address inverted duty structures-finished goods facing lower duty than the inputs that go into them

Make in India is set to get a major boost in Budget 2018 through a customs duty rejig, according to a report. However, these measures are likely to pinch customers' pocket as they could make imported high-end mobile phones and electronic goods expensive. Basic customs duty may be imposed on components such as printed circuit boards, camera modules and displays that are allowed duty-free entry now.

Custom duty rejig in Budget 2018

Customs Duty may be revised on certain other selected goods. Through this, the government can address inverted duty structures—finished goods facing lower duty than the inputs that go