Imported mobile, AC: From April 1, these things may cost more and here’s why – News 24-7 Live News 24-7 Live
Imported mobile, AC: From April 1, these things may cost more and here’s why

Imported mobile, AC: From April 1, these things may cost more and here’s why

Refrigerators and air-conditioners will become costlier as the customs duty on compressors has been hiked from 12.5 per cent to 15 per cent.

As the new financial year begins from April 1, several daily-use things are likely to become dearer as, in Budget 2021, finance minister Nirmala Sitharaman reviewed the customs duty on several items, which will result in a price change.

What will become costlier

Imported mobile phones are likely to become costlier as, in Budget 2021, the government withdrew a few exemptions on mobile phone parts, like printed circuit board assembly (PCBA), camera module, connectors, back cover. Similarly, mobile phone charger will also become costlier as customs duty on parts used to make battery packs will be increased from 0 to 2.5 per cent.

Auto parts like safety glasses, ignition wiring sets will have a higher customs duty from April 1, which may make cars and bikes more expensive.

Refrigerators and air-conditioners will become costlier as the customs duty on compressors has been hiked from 12.5 per cent to 15 per cent.

News Source : Hindustan Times

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