Apple makes all iPhones cheaper in India
Apple has announced a 3-4% price cut across its entire iPhone range, marking the first time the tech giant has reduced prices of its Pro models. The reduction will allow customers to save between ₹5,100 to ₹6,000 on Pro or Pro Max models. This move comes in response to a decrease in basic customs duty on mobile phones from 20% to 15%.
Made-in-India iPhones also see price decrease
The price reduction also extends to the Made-in-India iPhones, including the iPhone 13, 14, and 15 models, which have seen a cut of ₹3,000. The iPhone SE will now be cheaper by ₹2300. Traditionally, the company phases out Pro models after launching new ones, clearing old inventory through selective discounts by dealers and resellers. However, this time around, Apple has taken a different stance on Pro models following the customs duty cut announced in Budget 2024.
For India-made phones, only GST at 18% is levied
Customs duty has also been reduced for printed circuit board assemblies and chargers for mobile phones. Imported smartphones sold in India currently attract an 18% GST and a total of 22% customs duty (20% basic and 2% surcharge). The additional surcharge is fixed at 10% of the basic customs duty. With the recent cut in taxes, the total customs duty on imported phones comes to 16.5% (15% basic and 1.5% surcharge). For India-made phones, only GST at 18% is levied.
