Import Duty

ajuravi007

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Aug 11, 2006
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Budget: New tax
on STBs to hurt DTH, Cable ops

MUMBAI/NEW DELHI: Finance Minister Pranab Mukherjee has imposed a harsh dose on the cable TV and direct-to-home (DTH) operators. A five per cent basic customs duty on set-top boxes (STBs) will push up costs, hurting the intensity of digitalisation which is growing under subsidisation, high customer acquisition cost and low ARPUs (average revenue per user).

Unveiling the budget for the year to March 2010, Mukherjee said a nominal duty was being introduced “now that production capacity has come up in the country” and to “encourage domestic value addition.” The government had announced full exemption in 2006 from basic customs duty for STBs to enable their free import for the smooth introduction of Cas (conditional access system)............

Indiantelevision.com's > Digital Edge > Budget: New tax on STBs to hurt DTH, Cable ops
 

Dushie

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Jan 16, 2008
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Bangalore
This will lead to marginal increase in the price of STB, as the DTH service providers will not bear the cost and will transfer it to the customer
 


Sushubh

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wtf. government has increased taxes on STBs?are they nuts? whats next? increased taxes on hybrid cars? increased taxes on electric cars?
 

ghatoch

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Jun 30, 2009
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From this i think TS will be more happy as they will put 10% cess on us and pay 5% to Govt.
 


Sushubh

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http://www.readability.com/articles/y3ph9jty
Government hiked import duty on refined gold bars for a third time in eight months to 10 per cent from the earlier 8 per cent, the finance ministry said in a statement on Tuesday.The government also raised the import duty on silver to 10 per cent from the earlier 6 per cent, and the factory gate duty on gold bars to 9 per cent from 7 per cent.
 

ashish

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Jul 21, 2011
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they have gone insane, despite having best economists in the govt they come up with a silly idea, raising gold duty will be be counter productive in the long run, turning the country back to 80's, early 90's era where gold smuggling was rampant
 
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Sushubh

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http://www.readability.com/articles/t4im4mut
On Wednesday evening, the RBI put a spoke in their wheel by indicating that Indian companies can invest only amounts equal to their net worth abroad through the automatic route – as against 400 percent currently. If this norm had in place 10 years ago, the Tatas could probably could not have bought Corus or Jaguar Land Rover, the Birlas would have found it tough to buy Novelis and Bharti Airtel may not have bought Zain. All these deals would have had to pass through government clearances.
In fact, the RBI has gone one step further and simply banned the purchase of property abroad. The press release said: “While current restrictions on the use of LRS for prohibited transactions, such as margin trading and lottery would continue, use of LRS for acquisition of immovable property outside India directly or indirectly will, henceforth, not be allowed.”
 

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