The Indian government has raised the import duty on imported mobile phones, TV sets, digital cameras, microwave ovens, LED bulbs and other electronic products, The Economic Times reports. The decision to increase basic customs duty was taken last week to promote domestic manufacturers and give a leg-up to Modi government's ambitious "Make in India" initiative.
According to updated prices on Apple India's website, the maximum retail price (MRP) of the 256GB version of iPhone X has been raised by Rs. 3,720 to Rs.1,05,720. Similarly, consumers will have to shell out Rs 88,750 for the 256GB variant of iPhone 8 Plus after an increase of Rs 2,750. Apple has now officially increased the price of all its iPhones except the iPhone SE as it is currently assembled in India.
A 42-inch 4K TV now sold by online exclusive brands for INR 30,000 will see a price hike of INR 1,200 to INR 1,400, industry representatives also said.
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The price hike has also affected the two-year-old iPhone 6 model, which is now available for Rs 30,780 (32GB model).
The prices of iPhone 7 Plus, iPhone 7, iPhone 6 Plus and iPhone 6s have also been increased in the range of 3.21% to 3.88%. Strikingly, as per the Counterpoint Research associate director, this new taxation step taken by the government of India will impact on the smartphone companies that import phones from overseas and not to the one who go for the production in India itself.