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Apple hikes iPhone prices by 5% due to increase in GST

Kolkata: Apple has greater worth of iPhones in India twice in two months, first because of build up in customized duty after which because of build up in items and products and services tax (GST).

The US-based iconic smartphone maker on Wednesday hiked iPhone prices by way of over five% wherein the access type is now priced above Rs 30,000.

The govt ultimate month greater GST on smartphones to 18% from 12% earlier, whilst in the Budget it greater internet import duty by way of 2% by way of retreating the exemption on social welfare surcharge which used to be earlier to be had at the basic customized duty on mobile phones. The surcharge is calculated at 10% of the basic customized duty which is 20% for smartphones. Apple had hiked prices for the obligation hike in March.

Apple on Wednesday greater worth of its flagship iPhone 11 Pro Max 64 GB to Rs 1,17,100 as compared to Rs 1,11,200 earlier. The same type used to be priced Rs 1,09,900 until February.

Another tremendous top rate type, iPhone 11 Pro 64 GB has long past up from Rs 1,01,200 to Rs 1,06,600. The same type used to be offered at Rs 99,900 until February.

While the locally assembled iPhone XR and iPhone 7 escaped the hike ultimate month, their prices too have long past up from Wednesday. iPhone XR 64 GB goes to price Rs 52,500 from Rs 49,900 earlier, whilst the access iPhone 7 32GB worth has long past up to Rs 31,500 from Rs 29,900 earlier.

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