Tech786: The budget of this year has brought many changes regarding the smartphone and many other appliances. The smartphones price are ready to go higher and higher. This new policies was brought to promote local manufacturing and domestic industry. It’s really a great attempt made by our finance minister because if we will suffer only in a year then we might will enjoy in future.
Our finance minister has stated that the government is going to to make an end in exemptions on parts and chargers which was earlier from nil to 2.5 percent.
There was also increased in the taxation of charger and and many other things from 10 percent to 15 percent. The speech also stated that basics customs duty will be deducting basic custom duty rate on nylon chips and nylon fibre.
This will result in the rises of price of the smartphone in the indian market. Here the budget will see a rise in price of refrigerators and air conditioner as well. The taxes charged on this phone has been altered from 15 percenr to 12.5 percent.
Last Updated on February 2, 2021 by admin