Finance Minister Nirmala Sitharaman presented the General Budget 2021-22 on Monday. During this, he said, when the world is going through such a big crisis, then everyone’s eyes are on India. There was some announcement in the Union Budget for all sections. Some hope from this budget and some felt disappointment. Especially those who are very fond of buying mobile phones. Yes, custom duty on mobile devices has been increased to 2.5 in the general budget. That is, the prices of foreign mobiles will increase, but the prices of mobile phones made in India will decrease.’
2.5% Increased Custom Duty
The increased custom duty will especially affect mobiles and other products made abroad. The reason behind the increase in custom duty is that it will increase the sales of indigenous smartphones and attract more and more people to buy Indian smartphones made in the country. This will also reduce the prices of phones made in India.
Price of Apple, Samsung and Xiaomi will increase
This increase in custom duty will affect the prices of Xiaomi, Apple and Samsung smartphones. Although many Apple phones are being made in India. Even the Finance Minister has read his budget speech on the Made in India Apple iPad.