The basic customs Duty (BCD) on mobile phones was nil and remains Nil. The Excise duty which was earlier 1% is now hiked to 6%. When we import the phones the excise duty is collected as countervailing Duty (CVD). There is an additional duty known as Additional CVD whichs was and remains at 1%. So the total duty will be 6+1 = 7% now. On this duty you pay 3% as Education cess. The change in duty is effective immediately. I welcome to be corrected by persons having more authentic information.
Prices set to raise on imported handsets
- Thread starter chetansha
- Start date
They didn't increase thrice the amount, it is being jacked up by 200%, which means increased by twice the previous amount.
I forgot to mention. Direct taxes are effective from 1 April whereas indirect taxes are effective immediately after the budget. Additionally the budget says "Duty on mobile phones increased to 6%" I am not sure whether it means excise or customs duty
@bigbyte you are right bro.
@bigbyte you are right bro.
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varkey
Skilled
Business Portal of India : Doing Business Abroad : Taxation : Customs Duty (Export and Import Duty)
CVD = Excise Duty so when the excise duty is increased, the total duty is automatically increased.
veer_singh
Adept
I was charged 2936.77rs on Iphone4S 32gb , Crap 
, No more FUN , bastards !
I cried and slept
, No more FUN , bastards !I cried and slept
We are on the Same BoatI was charged 2936.77rs on Iphone4S 32gb , Crap
I cried and slept
End of Era,no More Imports of Phones
f$uck Govt....I hate These Buggers
chetansha
Skilled
@veer_singh , what was you purchase price / inv value, did you get it thru sns or ppobox?
Please mention so it might help other buyers
Please mention so it might help other buyers
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veer_singh
Adept
veer_singh
Adept
priyasukumaram
Disciple
Government don't want us to be smart by using smart phones.
It's pathetic to see people blame the government for taking such steps. What do you want next - India to be ruled by the British? Oh, wait, that already took place.
There are other topics you can blame the government for, but not this. It's a financial measure to protect domestic interests.
There are other topics you can blame the government for, but not this. It's a financial measure to protect domestic interests.
veer_singh
Adept
British ?
Increasing tax doesn't improve country my friend , many countries in gulf , singapore are tax free .
India lacks in punishment , crime control , illegal stuff are slipping so easily .
No one said here that they don't wanna pay tax .
raksrules
Elite
Ok then explain why Govt increased tax or duty or whatever it is on set top box when it is forcing digitization of the cable in entire country ? It is simple. They want to milk each and every source of income. Increase duties and such on each and everything which is either in demand or is imposed as compulsory. Why only mobiles duty increased ? They see what is lower and what is being imported in large quantities and in order to milk that, increase duties. Shocked to see some people defending this corrupt government.
chetansha
Skilled
Approx 760*55*7% = 2950± surcharges , service tax. Etc
veer_singh
Adept
Only if they consider invoice value or it will be more or less .
chetansha
Skilled
If you use ppobox, then invoice value , if you use sns, then it all depends on the whims and fancy of the customs officer.
@Everyone, yes there are many points we can blame the government on, but increasing excise duty for imported mobiles is not the one at the moment. It actually benefits the Indian manufacturers to compete against the cheap Chinese mobiles coming in.
And they've reduced tax on other fronts which would boost the semiconductor industry in India. Overall, the hardware costs should reduce over the course of next few years.
And they've reduced tax on other fronts which would boost the semiconductor industry in India. Overall, the hardware costs should reduce over the course of next few years.