Richard Yu, CEO of the Huawei Consumer Business Group, holds a Huawei P20 smartphone during the launching of the new generation of its smartphone in Paris
INTERNATIONAL - India has imposed a 10% tax on imports of key smartphone components, including populated printed circuit boards (PCBs), as it moves to step up the local assembly of mobile devices in the world’s second-biggest smartphone market. 

A customs duty of 10 percent was imposed on PCBs that are already populated with components such as memory and chips, according to a federal government notification issued yesterday. 

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors. The taxes are part of Prime Minister Narendra Modi’s programme to step up local value-addition every year in smartphone manufacturing. 

- REUTERS