Ministry of Finance (MoF) waives Basic Customs Duty (BCD) on key electronic components

Exam-focused facts from the 10 July 2026 current affairs briefing.

Key facts

The Ministry of Finance (MoF) has waived the Basic Customs Duty (BCD) on goods used in the manufacturing of display assemblies, lithium-ion cells, and inductor coil modules.
The Ministry of Electronics and IT (MeitY) recommended the waiver to the MoF following specific representations from the electronics industry.
The MoF issued three separate notifications to give effect to the BCD waiver for the three key components used in electronic devices.
The policy aims to promote domestic production of electronic devices and stimulate the electronic component industry in India.
S Krishnan, Secretary of MeitY, highlighted the move at the Confederation of Indian Industry (CII) GCC Business Summit as a step to deepen the value chain and ecosystem.