Union Budget 2018-2019 has been announced by Honorable Finance Minister Arun Jaitley. In this budget he proposed to increase the custom duty on Mobiles to 20%. This move is to get manufacturers to make in India, rather than import directly from China.
If you had ever imported electronic good into India you might be fully aware of the custom duty limit – it was Rs. 2000 ($30) well here is some good news, as per notification issued by Minster of Commerce the custom duty will be assessed for CIF value from Rs. 2,000 to Rs. 50,000.
The next time you choose free or EMS shipping method for delivery of products into India (from abroad) think again. Use free shipping or EMS only for products that are priced at under $30 this includes CIF – Cost, Insurance and Freight.
There are many new handsets being launched in India, unfortunately there are better ones with latest hardware available on Chinese websites. You can buy the handsets from Chinese online stores, and here is what you should know.