Budget 2013 impact: Mobile phones set to become costlier - NDTV

There's bad news for consumers in India. Finance Minister P. Chidambaram has increased the duty on mobile phones costing more than Rs. 2,000 from 1 percent to 6 percent. This means that a phone that earlier cost Rs. 10,000 will now cost approximately Rs. 10,495. Phones that earlier cost Rs. 20,000 all now cost approximately Rs. 20,990, while a phone that earlier cost Rs. 30,000, will now cost Rs. 31,485. The Finance Minister has however, proposed to increase the duty free allowance for individuals returning from foreign travel. According to the proposed norms, men will be allowed a duty-free allowance of Rs. 50,000, while women will have a duty-free allowance of up to Rs. 100,000. Coupled with the increase in duties on mobile, the minister seems to have indirectly incentivised purchasing a mobile on your next holiday abroad. (Developing story) via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHMDBawQC32rnmzYG60Lug5fignog&url=http://gadgets.ndtv.com/mobiles/news/budget-2013-impact-mobile-phones-set-to-become-costlier-336576

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