Mobiles Phones Likely to See Price Hike Thanks to Budget 2017
Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017-18 with some changes in customs duty to "provide adequate protection to [the] domestic industry." The government has imposed Special Additional Duty (SAD) on populated printed circuit boards (PCBs) for use in the manufacture of mobile phones.
The Budget 2017 has levied a 2 percent Special Additional Duty (SAD) on imported PCBs. While this may not seem like much, when one takes into account that the price of the PCBs make up a significant part of the mobile phone's cost, it's likely this burden may be passed onto consumers in the form of price hike.
At this moment it is not certain how the levied duty on PCBs will affect prices of the mobile phone in the country. Notably, there has been some back and forth on the Special Additional Duty applicable on the populated printed circuit boards. While the Union Budget 2016-17 had introduced the same 2 percent SAD, raising it from 0 percent, the government rolled back this import duty on May 5 last year - much to the chagrin of Make in India advocates who felt the move encouraged the philosophy of 'Assemble in India' instead.
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