why are iphones so expensive in india

Against the backdrop of the Ukraine-Russia war and the expected hike in US interest rates the Indian rupee has fallen 35 percent against the dollar in 2022. Mainly the thing that matters is how strong your currency is with respect to USD as iPhone prices are set in dollars.

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3All Apple Product has Eco System.

. At current rates the GST on iPhone 13 stands at about Rs 10662. But this time it is primarily the rupee that also shares some blame. But the rates of other iPhones dropped except iPhone 13.

Introduction of GST Makes iPhone Costly in India GST was recently introduced in India. Not to forget currency depreciation is another major factor as to why the iPhone is expensive in India and relatively cheaper in other countries like Japan and Dubai. But what makes it so expensive for India.

The most prominent one was the rise in GST from 12 to 18. The price of the 256 GB version of the iPhone X for example costs 1650 500 more than in the United. Not only that customers will also have to pay GST in addition to the customs.

Our currency is weaker than Dollar. The iPhone 13 series imported into India and will attract 225 customs duty. Due to this customers will have to pay custom tax of Rs 10880 only on Apple iPhone 13 Mini.

Why iphone are so Expensive than other phones. But the picture is slightly more complicated. India is already one of the most expensive places in the world to purchase an iPhone.

All these taxes levied on the iPhone have to be borne by its customers. He wants to open a manufacturing plant in that country. Lets discuss all the reasons which contribute to the high prices of iPhones in India.

This had a direct impact on the price of smartphones which for a price-sensitive market like India is not always easy to pass on. 2High Quality Component Meterial Uses. 10880 just as customs tax on purchasing an Apple iPhone 13 Mini.

Not only this but customers also have to pay GST separately. IPhones are cheaper outside India because. 6Security Performance Much Better.

This resulted in a hike of 5 percent in the prices of iPhones in India. Currently Apple iPhone 13 attracts a GST of about Rs. Fortunately for Cupertino the disparity in price in its products in India isnt its fault.

It didnt increase the tax rate on mobile phones but the tax rate on accessories is either 18 or 28. Historically when it comes to the iPhone price Apple in India tends to play it safe against currency fluctuation values rupee around 40 per cent lower that its market rate. Under Indias foreign direct investment FDI policy which requires each brand to purchase 30 of its raw materials locally products are sold to Indias vast network of stores rather than to distributor associates.

Reasons Why iPhones are so Expensive in India. Anil Harjai Director. Most of the fault in this is also of Indian Government.

4Much Expenditure In Research Development. 5high tax Compared the US Country. Apple supplies parts from a variety of suppliers in 28 countries.

This does not directly affect the price of the iPhone but a user will consider everything before making a purchase. Our country has high taxes for phones imported into the country like iPhone which come fully built. These are the new phones and phones have been kind of expensive almost all the time.

1High Import or Custom Duty in India. Goods Services Tax The rate of GST on mobile phones and accessories was increased to 18 from 12 with effect from 1st April 2020. The latest iPhone 13 series is priced at around Rs 70000 and it varies according to the model.

These Taxes Are Different For Every Country. The biggest reason why iPhones are expensive in India is the tax and duty charges. In India customers will have to pay around Rs.

Iphones always shipped with complete assembly thats why they have custom duty as soon as they come to India And the custom duty is 20 to 25 which is very high thats why the. Currency depreciation is another major factor why the iphone is expensive in india and relatively cheaper in countries like japan and dubai. The biggest reason why iphones are expensive in india is the tax and duty charges.

This is the reason why an iphone is much cheaper in dubai or other countries.

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