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of <h1>India Raises Customs Duty to 15% on Mobile Phone Components Like Screws and SIM Sockets Under Notification No. 57/2018-Customs.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, has issued Notification No. 57/2018-Customs, dated August 7, 2018, to amend the previous Notification No. 50/2017-Customs. This amendment prescribes a 15% customs duty rate on screws, SIM sockets, and other mechanical metal items used in cellular mobile phones. This decision, made under the powers of the Customs Act, 1962, and the Customs Tariff Act, 1975, aims to serve the public interest. The amendment follows the last update made by Notification No. 56/2018-Customs on August 3, 2018.
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