India, Feb. 1 -- In her Union Budget 2025 speech, finance minister Nirmala Sitharaman announced several adjustments in basic customs duty (BCD), including electronic goods.

"I propose to revise the basic customs duty (BCD) rate on electronic goods in line with our Make in India policy and to rectify inverted duty structure," the FM said.

The proposal includes increasing the BCD on interactive flat panel displays from 10% to 20% and reducing the BCD on open cells and other components to 5%.

"In 2023 -24 Budget, for manufacturing of open cells of LCD/LED TVs, I had reduced the BCD on parts of open cells from 5% to 2.5% . To further boost the manufacturing of such open cells, the BCD on these parts will now stand exempted," she added.

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