Handset Prices Might Not Witness a Drop Regardless of Concessions on Custom Duty
The government has announced some concessions in custom duty on certain mobile phone components in spite of which it is very unlikely that the prices of the handsets will witness any major decline. According to the Industry experts, these concessions will instead provide the original equipment manufacturers (OEMs) with a cushion allowing them to absorb other expenditures related to component shortage and supply chain issues. The Changes in Basic Customs... Read More