Published on Asian Ocean Media (http://www.asianocean.com)

Home > New Duties Rain on Indians’ TV Party

New Duties Rain on Indians’ TV Party

Travelling to India with a television set will soon become a thing of the past as the Indian government announced plans to impose custom duties on ‘non-essential’ imports.

 

Non-resident Indians (NRIs) and Indian tourists going back to India with TV sets would be asked to pay a 10 per cent customs duty and 12.5 per cent countervailing duty as part of the new rules. The move is expected to discourage Indians from spending on non-essential products outside India.

 

Till now, most Indian expatriates would carry a 32” or 42” TV in their free-baggage allowance as the Indian government was allowing a duty-free import of TV sets up to the value of Rs35,000. However, the new rules, taking effect from August 26, would affect NRIs.

 

Read more: http://www.khaleejtimes.com [1]

 

Categories: 
Business and Economy [2]
Date added: 
Aug 21 2013 - 10:30am

Source URL:http://www.asianocean.com/node/1138

Links
[1] http://www.khaleejtimes.com/kt-article-display-1.asp?xfile=data/community/2013/August/community_August19.xml&section=community [2] http://www.asianocean.com/front-page-news-categories/business-and-economy