ibnlive » Tech

Feb 28, 2013 at 03:51pm IST

Budget 2013: Mobile phones priced above Rs 2,000 may get costlier

New Delhi: In the 2013 Union Budget presented on Thursday, Finance Mininter P Chidambaram has proposed an increase in excise duty on mobile phones priced above Rs 2,000 from the existing 1 per cent to 6 per cent.

This surge in excise duty may lead to increase in prices of mobile phones that carry a price tag of more than Rs 2,000.

"The increase in the excise duty on mobile phones will not have a positive impact on the mobile industry and should lead to an increase in prices for end consumers," said Asim Warsi, VP, Samsung Mobile.

Budget 2013: Mobile phones priced above Rs 2,000 may get costlier

Finance Mininter P Chidambaram has proposed an increase in import duty on mobile phones priced above Rs 2,000 from the existing 1 pc to 6 pc.

However, the excise duty on the phones below Rs 2,000 will remain unchanged.

  • 45
  • 16
  • 5

Latest