Indian Government Increases Custom Duty on Mobile Phones to 20% From 15%
During the Annual Budget Speech held today, Arun Jaitley, Finance Minister said that the government had increased the custom duty on mobile phones from 15% to 20%. He said that this move is to make the brands manufacture devices in India and also to push the 'Make in India' initiative. And guess what, this move will impact the Cupertino giant, Apple which imports most of its smartphones from China. The... Read More