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Budget 2018 to sting buyers of iPhones, Audi cars, Fitibit, luxury brands

For India's burgeoning middle class, who aspire to own luxury goods ranging from Ray-Bans to iPhones, and Zippos to Fitbits - imported goods are set to get expensive

Reuters  |  MUMBAI 

India outlined a farmer-friendly budget on Thursday, but for its burgeoning middle class, who aspire to own luxury goods ranging from Ray-Bans to iPhones, and Zippos to Fitbits - imported goods are set to get a whole lot costlier. The budget outlined by India's Finance Minister Arun Jaitley doubled existing customs duties on imported lighters, perfumes, make-up, wrist watches, sunglasses, toys and gaming consoles. It has also significantly raised duties on imported footwear, imitation jewellery, along with mobile phones, television screens, vehicles and components used in ...

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First Published: Thu, February 01 2018. 20:56 IST
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