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India raises import tax on cellphones, move to hurt Apple

Bapun Raz

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India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.

The rise in tax from 10 percent to 15 percent on handsets will make imports of phones - including most of Apple’s iPhone models - more expensive at a time the company’s revenue growth is slowing in India’s $10 billion smartphone market.

Prime Minister Narendra Modi has launched a flagship Make-in-India program to expand the domestic industrial base, and one of the areas showing success is electronics.

Pankaj Mohindroo, president of the Indian Cellular Association, said on Friday the tax hike will boost domestic manufacturers who are making about 500 million cellphones a year, more than double the output three years ago.

Eight out of 10 phones sold in 2017 have been made locally, data from Counterpoint Research showed.

Prime Minister Narendra Modi has launched a flagship Make-in-India program to expand the domestic industrial base, and one of the areas showing success is electronics.

Pankaj Mohindroo, president of the Indian Cellular Association, said on Friday the tax hike will boost domestic manufacturers who are making about 500 million cellphones a year, more than double the output three years ago.

Eight out of 10 phones sold in 2017 have been made locally, data from Counterpoint Research showed.

India raises import tax on cellphones, move to hurt Apple
 

sagar.patnaik

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Rather than announcing tax rebates, norm relaxation schemes for local manufacturing, govt is increasing import duties. This makes good quality already expensive products more expensive and out of reach of normal Indian consumer. Govt should focus on incentivizing local manufacturing instead of increasing import duties. This will reduce competition and quality of local goods will suffer.
 

Varunkfdd

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Rather than announcing tax rebates, norm relaxation schemes for local manufacturing, govt is increasing import duties. This makes good quality already expensive products more expensive and out of reach of normal Indian consumer. Govt should focus on incentivizing local manufacturing instead of increasing import duties. This will reduce competition and quality of local goods will suffer.
they said that they would decrease tax and duties after demonetisation as black money will come up. But they are now increasing it thus shows how successful was demonetisation.
 

Sarkar

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Rather than announcing tax rebates, norm relaxation schemes for local manufacturing, govt is increasing import duties. This makes good quality already expensive products more expensive and out of reach of normal Indian consumer. Govt should focus on incentivizing local manufacturing instead of increasing import duties. This will reduce competition and quality of local goods will suffer.
What makes you think that govt has not announced tax rebate ? These companese already set up plant in sez areas also gets juge loan at 1% interest. GST implemented so that manufactured products can be sent anywhere in India, eway bill will be introduced soon so no truck waiting on state border for custom clearance. So what's left ?
 
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sumitroy

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apple_iphone_price_1_1513557410834.jpeg

iPhone Prices in India Marginally Increased After Import Tax Hike
 
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