The Apple iPad is launched and there are a many different ways now to Order a Apple iPad Online. One of these is to check out the ebay.in where there are already many different listings and the first of all of these was started by me here at a starting price of 37,999Rs. There are many questions being asked by the buyers regarding the high price and here is a small explanation on why the Apple iPad would be a bit costlier in India.
The Cost Price of a Apple iPad is 499$ with around 30$ local taxes in the United States of America, making the total amount around 530$, now if you pay this amount through a Credit Card like Citibank through a International Funds Transfer the total cost would be 530 * 48Rs = 25,440Rs. Next once the purchase is done you need to go for a shipping like USPS Priority which costs another 60$ ie 2,900Rs. In India when a product is shipped from the US and if its not categorized as a Gift while the MSRP is above 10,000Rs there is a Custom Duty being charged on the customer somewhere in the range of 15% on the total price excluding the shipping cost. Hence this would account to somewhere around 3,820Rs making the total cost as shown below.
Apple iPad Wifi Base Cost – 25,440
Shipping – 2,900Rs
Customs Duty – 3,820Rs
Total Cost = 32,160Rs
Next the product is being sold either through any Online Store or website like ebay which takes some amount of the sale as a commission, which in case of eBay.in is at around 5% + taxes on the final sale value. Hence the seller is left with a profit margin of around 5-7% on the total sales with a lot of White Money Transactions on which at the end of the year he has to pay a Income Tax & Sales Tax Too.
If Apple India launches the iPad officially in India, then still the price range would be somewhere in the range of 35,000Rs and this is a price which is quite affordable to users who are interested in owning a device which is the latest trend in the market. Currently the product is only available at ebay.in with multiple listings and affordable price range. The 3G version of the iPad won’t be launched before the 4th quarter of 2010 in India because of the Indian Regulations and Policies. You can just buy a WiFi version right now which works excellent in the Wireless Internet Connection area.
PS : The iPad iam selling is bought through ebay itself at a Cost Price of 660$, hence it makes my listing as a No Profit Sale. Interested buyers can bid there and get the device asap.