Customers in India who are looking to purchase a high-end Samsung smartphone will now find them to be slightly more expensive than before. The country has increased the import tax on smartphones and select electronic items in a bid to increase domestic manufacturing. The move impacts other manufacturers who sell premium devices in the country as well such as Apple.
Taxing times for customers
The customs duty on mobile phones has been increased to 15% from 10% in India. This 5% increase will likely be passed on to the customers who will end up having to pay slightly more for the same devices.
Many companies, including Samsung, have set up their manufacturing facilities in India. However, these facilities are primarily manufacturing low-end and mid-range devices. Flagship handsets are normally imported which is why the increased duty will impact the price that the customer pays.
Market analysts predict that the import duty may further rise by another 5% as domestic manufacturers have been calling on the government to increase the tax on foreign companies selling in India.
