Advertisement


Advertisement

Thread Rating:
  • 4 Vote(s) - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Govt hikes 5 % customs duty on STBs
Advertisement
#1
Finance Minister Pranab Mukherjee gave some shock to the direct-to-home (DTH) players, as his Ministry has hiked customs duty on import of set-top boxes (STBs) by 5 per cent from the present Nil per cent.

"Import of STBs do not attract any customs duty, this will be raised to five per cent as the production of the devices has picked up in the country." Pranab Mukherjee said, while presenting the budget for fiscal 2009-10 in the Lok Sabha.

Excise duty on STBs were exempted in 2003 to facilitate introduction of Conditional Access System (CAS) in the country. In the Budget 2006, the exemption on excise duty was withdrawn, but customs duty was reduced from 15 per cent to Nil.

However, there was no corresponding reduction of customs duty on inputs used in the manufacturing of STBs. This has resulted into another case of inverted customs duty structure.

Now, in the Budget 2009, the correction of the anomaly has been achieved by increasing customs duty on the import of STBs from Nil to 5 per cent, and also allowing import of inputs at five per cent.
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  DTH News: DTH operators against introduction of KYC norms, location-based services for STBs nairrk 0 826 08-26-2019, 10:41 AM
Last Post: nairrk
  DTH News: Videocon d2h selects ALi Corp for its next-gen HD STBs nairrk 0 840 03-14-2018, 07:29 AM
Last Post: nairrk
  DTH News: Dish TV to provide audience measurement data through hybrid STBs using RPD nairrk 0 981 03-05-2018, 06:51 PM
Last Post: nairrk
  DTH News: STB import duty doubled to 20% nairrk 0 799 12-16-2017, 06:49 PM
Last Post: nairrk
  DTH News: Indian govt urged to allow DTH ops to strike long-term deals with satellite ops nairrk 0 816 12-14-2017, 02:44 PM
Last Post: nairrk
  DTH News: Airtel offers 25% discount on 4K hybrid STBs to LG UHD, OLED TV buyers nairrk 0 863 10-13-2017, 05:31 PM
Last Post: nairrk
  DTH News: Govt DTH channels may beam into Tier-II theatres & other areas nairrk 0 894 09-01-2017, 10:32 AM
Last Post: nairrk
  DTH News: Prasar Bharati to give free DTH STBs in Naxal-hit areas nairrk 0 728 07-17-2017, 10:19 AM
Last Post: nairrk
  DTH News: GST Council lowers tax rate on STBs to 18% nairrk 0 916 06-13-2017, 09:51 AM
Last Post: nairrk
  General News: Reliance Jio to launch Android powered 4K STBs nairrk 0 1,322 11-02-2016, 07:37 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement