Am not sure about this too...
It says that imported electronic products are going to be costlier... But, on the other hand, mobile phones are slated to be cheaper!!!
Seems like a double contradiction to me...
Anyone can clear this up???
So, does it mean that only crappy Indian made electronics (Are there any??? ) are going to be cheaper???
One bug doubt- when they say 'desktops', they definitely mean per-assembled (branded) desktops that doesn't appeal us. What appeals us is assembled desktops. Now, they also say 'imported electronic products' will cost more, so doesn't this include desktop components? So a per this budget, assembled desktop will cost mode (?).
Yeah, I had the same doubt as can be seen by my quote posted above... It hasn't been answered satisfactorily till now... Any help from anyone having a good grasp on these fiscal matters will be appreciated!!!
Maybe some commerce guy can help???
government has removed duty on import of electronic components used as inputs/parts in mobiles,computers that will be manufactured in india to boost domestic production so
Indian manufactured mobile phones and indian manufactured Computers will become cheaper
but government has imposed Education cess on imported electronic like mobile phones,laptops etc so the prices of smartphones and computer components will increase , the effect on mobiles will be nothing as education cess is 3 % of the import duty which is 6 %
so only 0.18 % increase meaning only 18 rs increase on a smartphone costing 10,000 and 90 Rs on a 50,000 smartphone which will not be passed to customers and will be absorbed by vendors
however when it comes to computers, laptops the duty is 16.85 % adding education cess of 3 % will increase costs by 0.5 %
so in short only indian manufactured mobiles,computers will be cheaper and there will be a marginal increase in imported mobiles,computers and peripherals
^^Commerce guys on TDF.. Good Luck
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