- Tax has been enhanced from 10 % to 15 % on all imported handsets
- iPhone X (256 GB) price shoots up from MRP of Rs 1,02,000 to Rs 1,05,720
- Other than Handsets Import raised on video cameras and television sets
The decision of Indian government of levying taxes on electronic products has led to the increase in the prices of many smartphones. The iPhone is one such device, which will be available to Indian users now at a higher price. Whether it is the low-end devices from Apple or the higher end devices, all have a price rise. Now, the iPhone of 32GB of internal storage is going to be available at Rs 30,780, which was earlier available at Rs 29,500. The flagship device from Apple iPhone X with 256GB of internal memory is going to increase from MRP of Rs 1,02,000 to Rs 1,05,720. According to the American smartphone manufacturer, the average increase is approximately 3.5%.
The prices will come into effect from today onwards and this 5% hike on import tax will shoot up the prices of imported handsets and not on iPhone SE, which is made in India. You may have a look at the updated prices of iPhones:
In a move to give a boost to Make in India agenda of the Indian Government, this decision has been taken. Strikingly, as per the Counterpoint Research associate director, this new taxation step taken by the government of India will impact on the smartphone companies that import phones from abroad and not to the one who go for the production in India itself. Other than the tax enhancement of 15% from 10% on imported smartphones, there also rises in tax on video cameras from 15% to 10%, while the tax has been increased twice the earlier, i.e. 20% from 10%.