India's Budget 2024: Changes in Custom Duties & Impact on Trade with Dubai
India's Budget 2024 has brought significant changes to customs duties, influencing various sectors and impacting trade dynamics with Dubai. One of the notable adjustments is the reduction of duties on mobile phones, benefiting companies like Apple in Special Economic Zones (SEZs). This reduction aims to boost domestic market sales, although non-SEZ manufacturers may face challenges despite a reduced duty on printed circuit board assembly.