iPhones get costlier in India after customs duty hike
The government's import duty hike on mobile phones has led to a rise in prices of Apple's iconic iPhones. This applies to every model except the iPhone SE, which is assembled in India. All imported smartphones other than Apple too will see a price hike as customs duty is increased from 10% to 15%. Here's how much iPhones in India will cost now.
Here's how much iPhones will exactly cost
iPhone X (64GB) will now cost Rs. 92,430 (up from Rs. 89,000), and the 256GB variant, Rs. 1,05,720 (up from Rs. 1,02,000). Price of iPhone 8 has risen from Rs. 64,000 to Rs. 66,120; and 8 Plus from Rs. 73,000 to Rs. 75,450. iPhone 7 and 7 Plus (earlier Rs. 41,550 and Rs. 50,740) will start at Rs. 50,810 and Rs. 61,060 respectively.
Customs duty hiked on a range of electronic products
Customs duty on smartphones, digital cameras, video recorders etc has been hiked by 5%, while that on microwave ovens, lamps etc has been increased by 10%. However, this won't impact imports from countries like Malaysia and Thailand, with which India has free trade agreements. The hike is expected to give a boost to local producers, create jobs and increase government revenue.
