Consumers must pay taxes and charges of Rs 24,398.47 for an iPhone worth Rs 79,900.The iPhone 14 series debuts this year with the iPhone 14 priced at Rs 79,900, replacing the small. However, in the US market, the identical model (unlocked) would cost $829 plus taxes.
As usual, this has sparked indignation on several social media channels, yet most people ignore the customs and taxes the iPhone is subject to.
Apple managed to restrict the price of the non-Pro models but increased the Pro models by Rs 10,000 apiece in the face of a falling Indian rupee that reached Rs 80 to the US dollar, a lack of parts, and a worldwide logistics protest. The iPhone 14 series debuts this year with the iPhone 14 priced at Rs 79,900, replacing the small. However, in the US market, the identical model (unlocked) would cost $829 plus taxes. This directly converts $1 to Rs 100.
As usual, this has sparked indignation on several social media channels, yet most people ignore the customs and taxes the iPhone is subject to. More so since, despite Apple starting to produce the iPhone 14 in India, the majority of the new units will first be imported into the nation.For instance, the US pricing of the iPhone 14 is $829. The state taxes, which vary from state to state in the US and may be as high as 7% in some of them, are not included. The 18% GST that is typical throughout India and is included in the highest retail price stands in contrast to this. For the Rs 79,900 iPhone the GST alone amounts to Rs 12,188.14 . This had been added over and above the cost of the iPhone, which also includes duties.
Consumers are shelling out a total of Rs 24,398.47 in taxes and fees for the Rs 79,900 iPhone 14. The customs and taxes for the top-of-the-line iPhone 14 Pro Max, which retails for Rs 1,39,900, come to Rs 42,720.23.Industry insiders confirm that a variety of reasons, with tariffs and taxes being the largest, are to blame for the discrepancy in prices in India. Forex and commissions are among the other variables. 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.
Consumers are shelling out a total of Rs 24,398.47 in taxes and fees for the Rs 79,900 iPhone 14. The customs and taxes for the top-of-the-line iPhone 14 Pro Max, which retails for Rs 1,39,900, come to Rs 42,720.23.
Industry insiders confirm that a variety of reasons, with tariffs and taxes being the largest, are to blame for the discrepancy in prices in India. Forex and commissions are among the other variables. 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.