iPhone prices go up in India on account of new customs duties

Apple Inc. has announced a minor increase in prices of some of its iPhones in India, citing changes made to import duties in the Union Budget 2020.

Prices of iPhone XR, iPhone 11, iPhone 7, iPad, Apple Watch and Mac laptops have not been raised. The company assembles iPhone XR and iPhone 7 in India, which is why prices for these phones have not changed. The other products are imported from China.

Apple said prices are being hiked due to an increase in the basic customs duty (BCD) rate and the withdrawal of “earlier exemption from BCD/Social Welfare Surcharge" announced by the government in the Union Budget for 2020-21.

Source: Livemint