| Updated: Feb 1, 2018, 13:44 IST
India Budget: Mobile phones, TV prices may go up now

NEW DELHI: Finance minister Arun Jaitley while presenting the Union Budget 2018 on Thursday said that the customs duty on mobile phones will be increased to 20 per cent from the existing 15 per cent, in a bid to promote ‘Make in India’ and create jobs in the country.

Jaitley also said customs duty for certain TV parts will also be be raised to 15 per cent.

This is likely to translate into future mobile phone and TV set purchases getting pricier.

After the roll out of the GST (Goods and Services Tax), the finance minister cannot tweak more than a dozen indirect taxes which have been subsumed under the new tax regime. Customs duty remains the only indirect tax outside the ambit of GST.

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Union Budget 2018: Mobile phones, TV prices may go up now


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