The Budget 2024-2025 includes various custom duty proposals aimed at boosting strategic sectors and enhancing competitiveness.
- The reduction of Basic Customs Duty (BCD) on mobile phones, mobile PCBA, and chargers to 15%.
- The exemption of custom duties on 25 critical minerals.
- The reduction of custom duty on gold and silver to 6%.
Which of the following statements are correct regarding the custom duty proposals in the Budget 2024-2025?
1
1 and 2
2
2 and 3
3
1 and 3
4
1, 2 and 3
5
Only 1