NEW DELHI: India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry. Apple currently only assembles its iPhone SE models in India and imports its others. "It will impact Apple the most as the company imports 88% of its devices into India," he said. "Either this will lead to increase in iPhone prices or force Apple to start assembling more in India." Aside from cellphones, the government also raised the import tax on video cameras to 15% from 10% and doubled the one on television sets 20%, its statement said.

Source: The Star December 15, 2017 11:03 UTC