Union Budget 2023: What’s Cheaper, What’s Costlier? Here’s The Full List

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday proposed some relief on import of certain parts of mobile phones, including camera lenses and lithium-ion cells, to further deepen domestic value addition in the sector which saw significant growth in the last financial year.

“The mobile phone production in India had increased from 5.8 crore units valued at about Rs 18,900 crore in 2014-15 to 31 crore units valued at over Rs 2,75,000 crore in the last financial year, as a result of various initiatives of the government, including the ‘Phased Manufacturing programme’,” she said.

Besides, television components will also become cheaper. The government would continue with concessional basic customs duty of 2.5 per cent on copper scrap, she said