Budget 2013 disappointed mobile users. All mobiles priced above ₹ 2000 will cost more. There’s been a steep rise in custom duty for mobile phones. From 2.06% to 6%. Update: fFM of India has revised the duty on mobiles, now it’s 7.00%, announced imposition of 1% National calamity contingent duty.
You have to pay import taxes when you buy goods from foreign countries. Back in 2011, custom duty on Mobiles was 1.03% only, doubled in 2012 and tripled in 2013. So can we expect it to be 4X in 2014? That will make it to 28.00%.
What’s wrong with FM of India? Where are they taking this country to? huh! Below is the custom duty(aka Import taxes) chart to be followed for FY 2013-14 in India.
Import Items | Custom Duty |
Books (educational) | free |
Mobiles | 7.00% |
Hard Disk(Internal) | 6.03% |
Processor | 6.03% |
Apparel | 14.71% |
Laptop/Computers /iPad | 16.85% |
Sports Equipment | 16.85% |
Computer Printers | 16.85% |
Hard Disk External | 16.85% |
Modem | 16.85% |
Other computer peripherals | 16.85% |
Other than Movie CD/DVD | 16.85% |
Digital Still Image Camera | 16.85% |
Other Than computer printers | 25.85% |
Cables/wires | 25.85% |
Digital / Video Cameras | 28.80% |
DVD/ CDS | 28.85% |
DVD Players /Blu-Ray | 28.85% |
iPod | 28.85% |
Video Games | 28.85% |
Electronics/ Car parts | 28.85% |
Hand Watches /wrist watches | 28.85% |
Web cameras | 28.85% |
Sunglasses | 28.85% |
Gaming Consoles | 28.85% |
Battery (laptop) | 28.85% |
Shoes | 28.85% |
Artificial jewelry | 28.85% |
Camera lens | 28.85% |
Phone accessories | 28.85% |
Cosmetics/ Stationery/Toys | 28.85% |
Television | 28.85% |