India’s top indirect tax authority has issued a new order. According to the orders, higher customs charges will be levied on inputs in mobile phones.
Bad news for new mobile phone buyers.
India’s apex indirect tax has issued a new order
The mobile manufacturing company can increase the prices
Nowadays, living without mobile is like living without food. As mobile phones have become a necessity of life, there is bad news for new mobile phone buyers. In the
coming time, the price of mobiles will see a huge increase. India’s top indirect tax authority has issued a new order. According to the orders, higher customs charges will be levied on inputs in mobile phones.
Customs charges will be increased
If the custom charges are increased on the components in the phone, then it is possible that the phone manufacturing company may also increase the prices of the mobile. If this happens, customers will have to
spend more money to get a new phone. A report by news agency PTI said that 10 percent basic customs duty will be levied on the display assembly of smartphones with back support frames.
There has been an increase of up to 15 percent
The Central Board of Indirect Taxes and Customs, or CBIC, said that if the antenna is assembled with a pin, power key and other component displays, the customs duty charges can go up to 5 percent. Along with this, the total customs duty charge can be up to 15 percent.
CBIC said SIM tray, antenna pin, speaker net, power key, slider switch, battery compartment, volume, power, sensor, speaker, flexible printed circuit (FPC) for fingerprint and anything else fitted with the display assembly. . Customs duty will be charged at the BCD rate of 15 percent. This charge will be installed with or without metal/plastic back support frame.
Should not be more than 10 percent
The decision comes at a time when Chinese companies like Vivo and Oppo have been accused of tax evasion. Tech companies are claiming that this is happening because there is no clarity on customs duty charges on essential components of cellular phones. The mobile manufacturing company believes that the customs duty charge should not exceed 10 percent.