Mobile Phones to cost more in 2008 in India

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]