Government Hikes Customs Duty on TV Sets, Mobile Phones, Projectors and More

Customs duty on mobiles increased to 15 percent Apple iPhone prices may go

The Centre has increased customs duty on several electronic items including televisions, mobile phones and microwaves, making the import of these goods more expensive and thus lending a fillip to its "Make in India" programme.

The move, while having a minimal impact on the broader smartphone market (as most devices are assembled locally), may impact prices of devices from Apple and some other manufacturers selling high-end smartphones. "Either this will lead to increase in iPhone prices or force Apple to start assembling more in India".

Import tax on video cameras has been raised to 15% from 10% and on television sets, it has been doubled to 20%. The company had sought tax relief for manufacturing the iPhone in India a year ago, but the government is yet to take a final call on it.

He that in last 5-6 months import of feature phones had short up, which among others may also be due to dumping. They may absorb the price increase. According to Counterpoint Research estimates, while in 2014 over 60 per cent of the handsets were imported, the share has come down to 20 per cent now.

The Finance Ministry has raised customs duty on some electronic items including television, mobile phone, projector and water heater in order to boost domestic manufacturing.

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Currently, major players in the sector such as Apple, Xiaomi and Lenovo continue to import handsets as their local sourcing capacity fails to meet demand.Customs duty for TV sets has been raised by five percentage points to 15 per cent.

The Department of Revenue that works under the Ministry of Finance has also doubled the customs duty on monitors and projectors to 20 per cent.

India's electronics imports grew about 31% to $29.8 billion during April to October from a year earlier, the steepest increase after shipments of ores and gems.

Tax on TVs, set-top boxes and microwave ovens doubles to 20%. To reduce dependence on imports, the government had launched a Make-in-India program to increase manufacturing in the country.


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