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Budget 2013-14: 6% Duty on Mobile Phones

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Excise Duty 6 %

Add Velorum 2 %

Counter Vailing Duty 1 %

Total 9%

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So Mobile Prices will go High....

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If its Excise whats is the implications?

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

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

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

Source

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If its Excise whats is the implications?

Implication is same..

That is if d mobile is imported or manufactured in India, excise duty will be levied at 6%..

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Oh well, it was good while it lasted @ 1%

Sent from my skz_tenderloin using Tapatalk HD

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For Indian Mobile: 8%

Excise duty - 6%

Ad valorem duty - 2%

For Imported mobile: 9%

Import duty - 6%

Ad valorem duty - 2%

Couerveiling duty - 1%

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what is Couerveiling duty for imported mobiles?

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CVD is calculated on total Assesible value + Custom duty

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When is this effective from? SnS sent mail saying it's effective from 1st March 2013. But I'm sure they're not going to implement it so soon.

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CVD is equivalent of Excise on Imported mobile

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Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train....

Sent from my DROID RAZR using Tapatalk 2

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Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train....

Sent from my DROID RAZR using Tapatalk 2

Where did you get the effective date? I've been searching online for any references / news about the date of implementation but nothing is there.

My query to ARAMEX just got replied - "policy updates in budget are from April, but duty structure is from March" :( Need to receive one of the SnS shipments to find out the actual case.

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Hope they are not gonna impose taxes on imported air that travels from other States to India...

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All indirect tax revisions are effective immediately unleas otherwise specifically stated. It is a standard practice followrd by the Finance Ministry every year.

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^^^ 100% TRUE

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Revised Import duties implemented from 1st march.....damn, free wifi still remains proposed....>_> traveling for an almost 12hrs journey by train....

Sent from my DROID RAZR using Tapatalk 2

Where did you get the effective date? I've been searching online for any references / news about the date of implementation but nothing is there.

My query to ARAMEX just got replied - "policy updates in budget are from April, but duty structure is from March" :( Need to receive one of the SnS shipments to find out the actual case.

If u use sns then check ur mailbox. They have sent revision figures same day of budget. Otherwise indirect tax are effective immediately

Sent from my DROID RAZR using Tapatalk 2

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Its official, ppobox mail says 7% duty .....

Sent from my skz_tenderloin using Tapatalk HD

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The actual scenario now assuming a CIF(cash insurance freight) value of 100 in my knowledge and understanding is:

Landing charges 1% (101)

Basic duty 1% (102.01)

Cvd(excise) 6% (108.13)

Cess 3% (108.34)

Totalling to 8.34%

Earlier it was

Landing charges 1% (101)

Basic duty 1% (102.01)

Cvd(excise)1% (103.03)

Cess 3% (103.09)

Totalling to 3.09%

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You guys are right - All my customs after the announcement have been calculated at 7% :(

But one improvement I observed over earlier customs duty is that - earlier in many cases, they used to inflate the mobile value (mark a $100 phone as 12000 / 15000) and charge customs on that, but now they seem to charge 7% mostly on the actual $ value. So at least for me, the old % and newer % is working out to almost similar.

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