Monday, July 22, 2019

Sale of Apple iPhones and other high-end phones in grey market causing revenue loss of Rs 2,500 crore: ICEA to government

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000 to discourage duty evasion and wipe out the premium for illegal sales.

from Gadgets Now https://ift.tt/2y4IuSA

No comments:

Post a Comment

Two-wheelers not luxury, tax cut needed to spur demand: HMSI

Honda Motorcycle and Scooter India seeks a reduction in GST on two-wheelers, calling them a necessity for many, rather than a luxury. They a...