-
Prepare to pay more as Arun Jaitley's Budget 2016 will raise prices of mobile phones and tablets as a hike has been proposed in levies on components like printed circuit boards (PCBs) and peripherals like batteries and chargers. Needless to say, mobile phone manufacturers are unhappy. Check out the reactions against Arun Jaitley's move: (PTI)
-
The Union Budget proposes a 2 per cent special additional duty (SAD) on populated printed circuit boards (PCBs) used for making mobile phones, laptops and personal computers. "With the levy, the price of domestically made phones will go up by one per cent. We would request government to roll back this duty," Indian Cellular Association President Pankaj Mohindroo said. (AP)
-
The Budget proposes to withdraw Basic Customs Duty (BCD) (10 per cent) and Countervailing duties (CVD) (12.5 per cent) exemptions on imports of chargers, adaptors, battery, wired headsets and speakers used in mobile phones. The total duty cost comes to be over 29 per cent, which will make the imports of these products expensive. (Reuters)
-
"At first glance the Union Budget 2016 seemed to be in alignment with the various initiatives Narendra Modi's government has undertaken, but there are certain elements which do not seem positive," Karbonn Mobiles Chairman Sudhir Hasija said. What will hurt the mobile manufacturers is the increase of duty on some of the parts which have to be imported, he added. (Reuters)
-
"We still import components such as batteries and speakers considering there is no manufacturing in India. With, 29 per cent increase in the excise duty it is going to be harder to contribute to 'Make in India'," he said. (Express Photo)
-
Hari Om Rai, Co-chairman FTTF (Fast Track Task Force) and Lava International CMD, said the industry is unhappy on the imposition of the SAD. Sudhin Mathur, Director (Smartphone Business) at Lenovo's Mobile Business Group said till a competitive supplier base is established in India, there may be a marginal increase in cost of the box due to higher cost of accessories. "As much as half of production cost of a mobile phone consists of populated PCBs and this imposition of 2 per cent SAD will mean that the duty differential between complete mobile phones and its parts/components for manufacturing will be significantly diminished," he said. (Reuters)
Indian woman leaves US after layoff during F-1 OPT, calls goodbye ‘hardest step’
