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Latest News, News Today – Bollywood, Trending, India, World, Business, Politics – HNN > Blog > Business > Taxes and charges for the RS1,34,900 iPhone 15 Pro would cost Indians Rs. 41,193
Business

Taxes and charges for the RS1,34,900 iPhone 15 Pro would cost Indians Rs. 41,193

Last updated: 2023/09/14 at 11:37 PM
By Alka Kumari
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The charges are higher for the iPhone 15 Pro models that will be imported—20% customs duty and 18% cess.

  • SUMMARY
  • The Apple iPhone 15 Pro, which originally retailed for $999 (US) (taxes excluded), will cost Rs 1,34,900 (Indian taxes included) in India.
  • Customers in India are spending around Rs 41,193.42 in taxes and fees for the Rs 1,34,900 iPhone 15 Pro.
  • 22% taxes and 18% GST are applied on fully imported iPhone 15 Pro units.
iphone

Apple once more set a price restriction for the new iPhone 15 and iPhone 15 Plus as the Indian rupee continues to deteriorate and last month crossed the 83-to-the-dollar mark. However, the cost of this year’s iPhone 15 Pro models has increased. The pricing of the iPhone 15 Pro (128GB) starts at Rs. 1,34,900. But on the US market, the identical model (unlocked) would cost $999 plus taxes, or almost Rs 90,000. While many buyers lament the pricing disparity between the two nations, many overlook the fact that these are subject to tariffs and taxes in India.

image 748

For instance, the $999 price of thethe phone in the US excludes state taxes, which vary from state to state in the country and may be as high as 15% in some. The 18% GST that is typical throughout India and is included in the highest retail price stands in opposition to this. The GST alone accounts for Rs 20,577.97 of the iPhone 15 Pro’s Rs 1,34,900 price. This was tacked on top of the it’s price, which also includes tariffs.

Apple has started producing the iPhone 15 in India and has been expanding its assembly line there. The Pro models, however, are still produced in China and distributed across the world.

Although Apple has started producing the iPhone 15 in India, components are subject to tariffs that can range from 2.5% to as much as 12%, according to Faisal Kawoosa, founder and chief analyst at Techarc. According to Tarun Pathak, Research Director at Counterpoint Research, the duties are higher for the iPhone 15 Pro models that will be imported into the nation—20% customs duty and 20% cess.

image 749

This indicates that a fully assembled smartphone unit imported into India is subject to 22% taxes. It comes to $20,615.45 for the iPhone 15 Pro before GST. Consumers are shelling out a total of around Rs 41,193.42 in taxes and fees for the Rs 1,34,900 iPhone 15 Pro. The customs and taxes for the entry-level model of the iPhone 15 Pro Max (256GB), which would sell for Rs 1,59,900, come to Rs 48,827.48.

BASE VARIANTiPhone 15 Pro (128GB)iPhone 15 Pro Max (256GB)
India MRP1,34,900.001,59,900.00
GST (18%)20,577.9724,391.53
Duty (22%)*20,615.4524,435.95
Duties and Taxes41,193.4248,827.48

Duty and tax burdens are the largest contributors to the variance in prices in India among other things.

Foreign exchange and commissions are additional considerations. For instance, corporations like Apple must account for currency instability and fluctuation when determining local pricing prior to the launch in addition to country-specific charges and taxes.

The trade-ins and rebates that Apple gives are the sole solace for customers. You may always choose to trade in your old smartphone while getting a new one. And this year, HDFC Bank is giving customers Rs 8000 in discounts when they buy new phones.

Also Read: Interest Rates In The Eurozone Reached An All-Time High

So, is it advisable to travel to get an iPhone 15 Pro Max?

Okay, no. We only joke about suggesting that, not actually. When you include in the unavoidable travel-related fees, such as a visa or entrance fee, the total cost of the phone may wind up being slightly more.However, the purpose of this article is to highlight how expensive the Pro model is in India, especially the Max model. Is the cost justified? Of course, we should say. But compared to what folks in Dubai, Hong Kong, or the US spend for it, it is pricey. Naturally, there are other nations as well where it is quite costly. Brazil, for instance.

The article’s secondary goal is to demonstrate that, for Indian Apple customers and admirers, purchasing an apple phone from outside is still the best option. In other words, anytime your aunt, uncle, or buddy travels outside, ask them to bring one for you. You will spend less money in this manner. Despite the fact that some of these phones from other countries may only offer eSIM capability, this should no longer be a problem. Airtel, Jio, and Vi, the three largest Indian telecoms, now provide eSIM capabilities.

Also Read: The UAW Leader’s Criticisms Are Dismissed By The Ford CEO As The Thursday Strike Deadline Draws Near

image source: google

TAGGED: APPLE, APPLE WATCH, HNN, HNN News, HYBRIQUES NEWS NETWORK, India, iphone, iphone 15
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