India aims to lower smartphone prices by 15% with a new tax reduction

[DP]

India aims to lower smartphone prices by 15% with a new tax reduction

...The Made in India smartphones are about to get 15% cheaper for local customers after a new tax reduction was implemented by the Finance Minister of India.......The 2024 Union Budget will see the basic customs duty on smartphone components reduced by 15% in order to make devices more affordable and boost the mobile industry in India.......The reduction only applies to parts and not completely built units – this means only phones assembled in India will be affected by the change.............According to analysts, the move is anticipated to boost local assembly and attract global investments. It could......

Source: You are not allowed to view links. Register or Login