Price of smartphones going to increase
The government has planned to raise the customs duty on smartphones to 25 percent from the present 10 percent in the proposed budget for the FY2019-20.
Finance Minister AHM Mustafa Kamal informed this while unveiling the budget in the Parliament on Thursday.
“As smartphones are used by affluent people, I propose to increase customs duty of smartphones to 25 percent,” he said.
bdnews24.com adds: The customs duty of feature phones on the other will remain unchanged at 10 percent, considering that it is used mainly by ‘relatively poor people.’
The finance minister has also proposed reducing the duty on mobile phone charger connector pin and SIM slot ejector pin to 10 percent from 25 percent.
The move is likely to benefit domestic manufacturers of cell phones triggering a rise in the price of imported smart phones, according to industry insiders.
Currently, smart phones worth Tk 100 billion are being sold in the country.