Customs Duty on Mobile Phones

Rahul (None) (50 Points)

16 June 2010  

I am planning to get an iPhone 4 from UK. I have got a relative in London who will ship the iPhone as a Gift. The iPhone 4 is worth £499. I would like to know the rate of Customs Duty applicable on such item.

I searched Google to find the rates, but some places they said it was exempt, while some said a duty @ of 5% was leviable.

 

So what is the actual rate applicable on a mobile phone?