The country’s government has announced it will raise customs import duty on imported mobile phones from 15% to 20%, reports Bloomberg. The move is designed to help promote domestic manufacturing. That’s not good news for Apple and other foreign smartphone makers, however. The duty rise will either reduce their profits in the country, or need … Continue reading “India just hit Apple and other smartphone makers with higher duty” The country’s government has announced it will raise customs import duty on imported mobile phones from 15% to 20%, reports Bloomberg.
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Wed, 01/31/2018 - 11:12pm
BING NEWS:
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