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Business

India hits Samsung, Apple with higher smartphone duty

Hike to 15% from 10% in line with country's Make in India push

Men ride motorbikes past a billboard advertising the iPhone SE in Mumbai, India, on April 26, 2016.   © Reuters

NEW DELHI -- India has hiked the import tax on smartphones and some other electronic items, a move expected to boost domestic manufacturing and hit companies like Apple that sell high-end handsets.

The customs duty on mobile phones is now 15%, up from 10%. In June, Apple began assembling the iPhone SE in Bangalore at a factory of Taiwanese contract manufacturer Wistron, but the California-based company exports all other iPhone models to India.

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