The GFX developer giant NVIDIA has released the pricing of its latest addition to the Pascal portfolio, Nvidia GTX 1080 and it is way above than we could have imagined? Nvidia GTX 1080 pricing in India has been settled approximately at INR 63,000.
There’s a catch however, customers in India will be entitled to be able to only buy the ‘Founders Edition’ at the initial stage whereas regular editions may as well be available at a later time somewhere around in the month of July-August.
The cards will be available through the authorized board partners, Zotac, ASUS, GIGABYTE, MSI and joining the list would be Biostar and Inno3D. Although the prices are marketed as one of the most price-sensitive product in the market compared to the features and specs, the card still remains for the people able to drill hole in the wall to get some cash.
NVIDIA GTX 1080 Pricing in India
How much the pricing should have been?
As basic as the calculation seems, the pricing of the ‘Founders Edition’ when launched was at, $699 which is, roughly Rs. 47,000. And the duty on graphic cards is calculated at 18.5% (presumably comes under ‘Other Computer Parts’) hence the duty comes around, Rs. 8695. Now here comes the glitch in the system, the $699 marker is according to India and not the Import duty officer, if the officer assess this at 800$ or at any even number, the duty has to be paid on the assessed amount and not the actual MRP mentioned.
The NVIDIA GTX 980 pricing in India can be simply demonstrated as;
MRP of a Unit = $699
After Conversion to INR = Rs. 47,000 (approx due to the fluctuations in the economy)
Duty & Taxes = @18.5% = 8695
Presumable MRP in India = Rs.(47000 + 8695) = Rs. 55,695
The pricing is not much of disappointment and surely not as expensive as it seems to be because of the duty charges and different types of taxes in India. The calculation demonstrated above might not be accurate, we might have missed a heading but certainly the pricing goes this way around.
Eventually you will be in the process of breaking your bank and paying a whooping Rs. 63000 (appx.) for the card which will be shipped in the first week of June.