New Delhi: The CBIC on Friday listed out parts or components, such as touch panel, cover glass, and LED backlight, which constitute the display assembly of a mobile phone and will attract a 10 per cent import duty. It also said components, including the frame, SIM tray, and side keys like power/volume button, when fitted/attached to the display assembly, integrated display assembly can be imported at the concessional 10 per cent customs duty.
In a circular, the Central Board of Indirect Taxes and Customs (CBIC) said currently a concessional basic customs duty (BCD) rate of 10 per cent is imposed on display assembly for use in the manufacture of a cellular mobile phone and a nil BCD rate on inputs or parts for use in the manufacture of a display assembly for use in manufacture of a cellular mobile phone.
It said certain cases of misdeclaration ..
With the industry facing "interpretational challenges" with regard to the display assembly of cellular mobile phones, a committee constituted with officials from both CBIC and MeitY, recommended a principle that may be used to determine the interpretation of display assembly for extending the concessional BCD rate.
If the display assembly is imported with the items/components, including receiver mesh, speaker net, support frame, and antenna pin, which are fabricated, embedded, fitted or ..
ICEA Chairman Pankaj Mohindroo said this circular is a big relief to the industry and will avoid unnecessary litigation.
Source Name : Economic Times