IMPORT DUTY HIKE CAN INCREASE PRICES OF CONSUMER ELECTRONICS

HIGHLIGHTS

• The import duty on consumer electronics announced in the new budget can increase the prices of consumer electronics.
• Analyst says that the new hike might impact mobile phone prices, increasing them by ? 400 – ? 500 range.

In the new budget, Finance Minister (FM) Nirmala Sitharaman increased custom duties on some mobile phone parts from nil to 2.5%. Duties on camer....