Mobile Phones to cost more in 2008 in India

Submitted by Vikram on February 29, 2008 – 5:43 pm

The Union Budget 2008 is announced, it has brought smiles to the faces of salaried class people but it has disappointed mobile phone lovers a bit as mobile phones will be costing more from now. The government proposing to levy one per cent excise duty on mobile handsets. In his Budget speech, Finance Minister P Chidambaram said, “Excise duty of one per cent, called National Calamity Contingent Duty, is now imposed on polyester filament yarn, which is the only yarn suffering this excise duty. I propose to remove that duty and shift the levy to cellular mobile phones.”

[Via: Economic Times]