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Budget 2018: Phones set to get expensive as govt hikes customs duty to 20%

In December, the government had increased customs duty on various items including mobile phones to 15 per cent from 10 per cent

arun jaitley, budget 2018

Finance Minister Arun Jaitley holds his briefcase as he arrives at the parliament to present the federal budget in New Delhi. Photo: Reuters.

IANS New Delhi

In a bid to further help domestic smartphone manufacturers, Finance Minister Arun Jaitley on Thursday announced a hike in customs duty on mobile phones to 20 per cent from 15 per cent.

"Customs duty on import of mobile phone parts will be increased to 20 per cent from the existing 15 per cent. This will boost jobs in the smartphone sector in India," Jaitley said during his Union Budget speech.

In December, the government had increased customs duty on various items including mobile phones to 15 per cent from 10 per cent.

 

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First Published: Feb 01 2018 | 1:35 PM IST

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