Pay duty on flat panel TV imports from August 26 Ban on duty-free - TopicsExpress

Pay duty on flat panel TV imports from August 26 Ban on duty-free import of TVs a relief for the industry:CEAMA Starting August 26, the government has decided to levy 36% customs duty on LCD and LED television sets that passengers bring along with them as part of the duty-free baggage allowance of Rs 35,000. TNN | Aug 20, 2013, 05.57AM IST NEW DELHI: Now, get ready to shell out more for getting a flat panel television set from Thailand, Dubai or Singapore. Starting August 26, the government has decided to levy 36% customs duty on LCD and LED television sets that passengers bring along with them as part of the duty-free baggage allowance of Rs 35,000. The price arbitrage had turned into a lucrative business proposition with several carriers taking flights to South East Asia and making a killing in the domestic market.

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