Smartphone Prices in India Set to Go Up Because of 10% Import Duty on Display Panels
Smartphone Prices in India Set to Go Up Because of 10% Import Duty on Display Panels Mobile phone prices in India are expected to go uponce againin the coming days following the imposition of a10% import duty on display panels. According to industry body, ICEA, smartphone vendors are expected to raise their prices by between 1.5% and 5% following the development. The new tax regime, which went into effect October 1st, is being applied under a phased manufacturing program (PMP) announced in 2016 in consensus with the industry....