Custom Duty on Mobile Phones?
Posted by anas on Jun 5, 2008 in | 0 comments
The News carried out a story that a proposal will be presented for the upcoming budget to impose Rs. 1000 as custom duty on import of a mobile handset. Geo News later said that the imposition is likely to come into effect from 11th June 2008.
A direct implication of this will be a price hike (another one) in the mobile phone market. I don’t understand the point of this custom duty. I really hope that the financial brains re-think over this. Even the cheaper mobile sets will see a rise in price. If any reader finds out more on this issue, or has any logical explanation to this decision then please drop a line for enlightening others.
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