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The Economic Times

Veer Sharma

Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?

Amber Dixon Customs Dixon Tech Syrma Syrma SGS Amber Enterprises Dixon Technologies Syrma SGS Technologies Harshit Kapadia

Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rose as much as 6% on Thursday after the Centre expanded customs duty concessions on a range of machinery and components used in electronics manufacturing.

The benefits, which come into effect immediately, cover equipment and parts used in lithium-ion batteries, display modules and smartphone components, and will remain in force until March 31, 2029.

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