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Taxation

Importers of mobile handsets pay a 12% duty on the value of the handset. Parts and components for manufacturing handsets receive a 4% exemption on additional customs duty until March 2011. Mobile handset manufacturers in backward areas receive income tax waivers for 5 years. Taxes on mobile phones include a value added tax between 6-14%, a 10% central excise duty, an 18% minimum alternate tax, and a proposed goods and services tax of 12-20% in 2011-12.

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18 views1 page

Taxation

Importers of mobile handsets pay a 12% duty on the value of the handset. Parts and components for manufacturing handsets receive a 4% exemption on additional customs duty until March 2011. Mobile handset manufacturers in backward areas receive income tax waivers for 5 years. Taxes on mobile phones include a value added tax between 6-14%, a 10% central excise duty, an 18% minimum alternate tax, and a proposed goods and services tax of 12-20% in 2011-12.

Uploaded by

ankitchindaliya
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Vp Handset importers have to pay duties worth 12 percent of the value of the handset.
Vp ull exemption from 4% special additional duty of customs presently available up to
06.07.2010 on parts, components and accessories for manufacture of mobile handsets
including cellular phones, parts thereof (except accessories) is being extended to parts of
two specified accessories also up to 31.03.2011îp
Vp Êncome Tax waiver benefits to mobile-handset manufacturing in backward areas for 5
yearsp
Vp ualue Added Tax (uAT) which currently varies between 6-14 per cent
Vp Œentral excise duty is 10%
Vp £inimum alternate tax (£AT) is about 18%
Vp Êndirect tax incidence on mobile phones has been kept low both at the Œentral level by
way of a low rate Excise duty at 1%
Vp èattery chargers and hands-free headphones are the basic accessories of mobile phones,
ull exemption from basic customs duty.
Vp The proposed GST rates of 12 per cent and 20 per cent in 2011-12

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