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Apple to save ₹418 cr/yr as customs duty on phones lowered: Report
short by Debaroti Adhikary / on Tuesday, 23 July, 2024
Apple will save $30 million-$50 million (₹251 crore-₹418 crore) per year from government's proposal to reduce basic customs duty on mobile phones, its related parts and chargers to 15%, a report citing experts said. "This could be savings for OEMs who are importing Completely Built Units, especially like Apple or new entrants," said Neil Shah, Vice President of Counterpoint Research.
read more at Moneycontrol