Govt bans duty-free TV imports by Air Travellers
PrintListen to this Article
The government today banned duty— free import of flat screen television by air travellers in a bid to prop up rupee, which declined below the 63 level against US dollar.
The government, according to a notification, has decided to “disallow import of flat panel (LCD/LED/Plasma) television as part of free baggage allowance” with effect from August 26.
Air travellers currently can bring a flat screen television for personal use without paying any duty.
This would mean air travellers bring in TV as part of the baggage from August 26 would have to pay customs duty.
In a order to contain the Current Account Deficit (CAD) and arrest declining value of rupee, the government has raised duty on gold, platinum and silver to 10 per cent.
Category : Custom | Comments : 1 | Hits : 633
The Customs Department is proposing to introduce additional disclosures for the export and import of medicinal products from June 1 to fast-track clearances of shipments. These additional disclosures,...
The Finance Ministry has said that gadget manufacturer Xiaomi Technology India Private Limited has evaded customs duty of 653 crore rupees. Xiaomi India sales products under the MI brand. An invest...
The Central Board of Indirect Taxes and Customs (CBIC) has done away with the requirement of periodic renewals of licence or registration issued to customs brokers and authorised carriers, a move whic...
Comments
Raj Narayan Jha
20-Aug-2013 , 11:35:06 amgood step. This should be done for all the electronic equipments. Also, the import duty on high cost mobiles should be increased.