Govt-mulls-ban-unbranded-chinese-mobile-phones

Concerned over revenue loss due to rise in import of unbranded Chinese mobile phones that also poses security threat, the government is considering various steps, including strict surveillance of grey market deals and restriction on import of devices without proper code.
According to one estimate, the import of unbranded Chinese mobile phones valued at Rs 4,200 crore in 2009-10. This results in huge revenue loss to the government in terms of non-payment of Value Added Tax (VAT), Octroi and entry tax.

Click here to visit SME Buzz

Also Read Related Stories News Now - Markets surge on Asian cues - Wall St ends lower as China yuan euphoria fades - Drugmaker Biovail to buy Valeant in $3.3 bn deal - Goldman Sachs gets more time to defend SEC suit - Zydus Cadila gets DCGI nod for anti-diabetic drug More

When contacted, senior officials in the Department of Telecom (DoT) confirmed government's view, saying "a grim scenario looms over the mobile industry with the intrusion of cheap Chinese imports".
To know more pl. read.. Govt. mulls.....
Govt-mulls-banunbranded-chinese-mobile-phones