Sci & Tech
0

Mobile Phone Prices Likely to Leap Again

Suitcase trade has an 85% share in Iran’s mobile phone market and officials are set to curb the figure by revising regulations
Mobile Phone Prices Likely to Leap AgainMobile Phone Prices Likely to Leap Again

Another wave of price surge is expected in Iran’s smartphone market, as the government is set to revise its mobile phone import regulations.
As per the Mobile Registry Scheme, local telecom operators are barred from offering services to contraband handsets.
Import regulations allow one handset into the country with each passenger, who pay an 18% import duty and register their devices with the customs.
However, by using the loophole, profiteers are now bringing large numbers of handsets into Iran. While they are paying the import duty, they do not offer after-sales services to customers and more often than not sell fake products, Digiato news website reports.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com