Lately, Indian agencies have raided almost all Chinese mobile makers including Xiaomi, Oppo, Vivo and Huawei.
Typically, as the festive season approaches, stores stock up on products and in the current fiscal ending March 2023, the addition of new showrooms is expected to rise 10-12 per cent.
Recently, Union New and Renewable Energy Minister R K Singh said that there were no plans to review the BCD levied on solar modules and cells.
“Further, projects of 72.61 GW capacity are under various stages of implementation and 21.11 GW capacity are under various stages of bidding,” said Singh.
Finance Minister Nirmala Sitharaman has proposed an increase in customs duty on items that included mobile phone parts and compressors.
The government's decision to hike the customs duty from 10 percent to 15 percent for mobile handsets is a statutory industry-wise hike, Apple India said on Saturday.