Indian Government Increases Mobile Phone Custom Duty To 20 Percent
This increase of 5% in custom duty will particularly hurt the companies who haven’t started manufacturing smartphones in India. For instance, Apple has just started manufacturing the iPhone SE in India, but everything else is imported from China. The Indian government had increased the custom duty from 10% to 15% just a couple of months back, after which Apple had increased the prices of iPhones. According to Tarun Pathak from Counterpoint Research, 3/5th of total 300 Million handsets were assembled in India last year....