Union Budget 2021:Smartphone price hiked ,know how much |See the full list |

Union Budget 2021: Buying a smartphone becomes expensive, know how much the price of which phone has increased, see the full list

Finance Minister Nirmala Sitharaman has presented the Budget 2020-21 in Parliament. In the budget, the Finance Minister has increased the custom duty on smartphones and chargers to 2.5 percent from zero. The increase in custom duty will come into effect from 1 April 2021 in the new financial year. This move of the government will increase the price of smartphones imported from others country to India. In such a situation, it will be expensive to buy smartphones of certain brands in India. It is believed that the increase in custom duty on smartphones from the government is being implemented with the objective of strengthening the domestic smartphone industry and promoting the Make in India campaign.

Smartphone's current price increases by 2.5% New price Rs 10,000 Rs 250 Rs 10,250 Rs ,20,000 Rs 500 Rs 120,500 Rs 30,000 Rs 750 30,750 Rs 40,000 Rs 1000 Rs 41,000 Rs 80,000 Rs 2000 Rs 82,000 Rs 1,00,000 Rs 2,500 Rs 1,02,500

Talking about this point, if the customer buys a smartphone worth Rs 10,000, then he will have to pay 250 rupees more than before. Similarly, buying a smartphone with Rs 40,000 will cost Rs 1,000 more than before. Whereas the purchase of a flagship smartphone priced at 1 lakh will have to pay about Rs 2,500 more.

Ban on import of mobile parts

Apart from increasing the custom duty on smartphones and charge, the government has also announced to increase the custom duty on import of mobile parts. It consists of printed circle board assembly (PCBA), connectors, and camera modules. The PCBA custom duty of chargers and adapters has been increased from 10 to 15 percent. The custom duty of parts of the same mobile charger has been increased from zero to 10 per cent. However, the Finance Minister has announced a cut in customs duty on nylon chip and nylon fiber.