The price of smartphones is likely to go up as the government proposes to levy a special additional duty of 2% on a component that accounts for nearly 30% of a phone’s manufacturing cost.
That means handset manufacturers, domestic or foreign, will have to pay the extra duty if they import printed circuit boards (PCB) used in mobile phones.
The decision, announced on Wednesday in the budget for the 2017-18 fiscal, put paid to hopes of a drop in handset prices in alignment with the government’s push for a digital economy that encourages use of smartphone for just about everything — including buying goods and services through e-wallets.
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LED lamp components
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Read Original :Budget 2017: Price of smartphones to go up, govt imposes additional duty on PCBs