Buy that smartphone before April 2013 or be ready to pay more
| by Naina Khedekar |
The Union Budget 2013 has left a sour aftertaste for mobile buyers with the rise in prices. Mobile penetration in the country has been phenomenal and mobile phones have been enjoying an excise duty of one percent. The government has decided to impose a six percent hike in the excise duty, owing to which the prices of phones are set to rise. This additional amount will be imposed only on phones priced over Rs. 2,000, as revealed by Finance Minister P. Chidambaram. Trying to add some relief, he said that 70 percent of imported mobile phones and 60 percent of home-brewed handsets are priced less than Rs. 2,000.
As the excise duty increases from 1 percent to 6 percent, a phone priced at Rs. 10,000 is likely to sell for an additional Rs. 600. Look at the table below for the expected new prices.
Possible prices after implemeting the new excise duty hike
17 Dec, 2013, 11:45 AM
13 Dec, 2013, 09:53 AM
10 Dec, 2013, 10:17 AM
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