The Union Budget 2018 was just announced today and it looks like mobile handsets will become more expensive. Finance Minister Arun Jaitley has announced a hike in customs duty on mobile phones to 20 percent from 15 percent. "Customs duty on import of mobile phone parts will be increased to 20 percent from the existing 15 percent. This will boost jobs in the smartphone sector in India," Jaitley said during his Union Budget speech. In December, the government had increased customs duty on various items including mobile phones to 15 percent from 10 percent.
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