The handsets were shipped in from Hong Kong as 'memory cards,' possibly trying to avoid the custom duties that are applied on the import of smartphones in India. The combined valuation of seized units was over Rs. 42.86 crore (around $5 million).
Context Why does this story matter?
The iPhone 13 units were seized at the Chhatrapati Shivaji International Airport, Mumbai, on the grounds of violating the customs laws as well as impacting the growth of the pandemic-hit domestic industry. Presently, Indians have to pay 22.5% of customs duties on imported iPhone 13 and around Rs. 10,662 as GST. This brings the total taxes to about Rs. 24,625 on a single unit.
DRI statement DRI also found Google Pixel 6 Pro, Apple Watch units
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.