India will ban duty-free import of flat-screen televisions from August 26

[Thad E Ginathom]

I doubt whether this will give rise to smuggling.

As has been said, in containers, perhaps, but not in ones and twos by returning overseas visitors. The reason is simple: too big!

 

[Arab]

Trying to take all away(hopefully) from a heated topic debated adnaueam in my generation and with very little results :sad:

Relevant to the original topic, a very honest question. Name one product
of Indian origin which could potentially compete at international level with products of same category.

I really want to know as I may not be aware of.

 

[Shivam]

Trying to take all away(hopefully) from a heated topic debated adnaueam in my generation and with very little results :sad:

Relevant to the original topic, a very honest question. Name one product
of Indian origin which could potentially compete at international level with products of same category.

I really want to know as I may not be aware of.

Cadence, Rethm, Acoustic Portrait, Lyrita music systems..... That's four for you though I might have missed many.

Though I agree we do lag behind various other nations in almost all products in terms of quality.

 

[Arab]

Cadence, Rethm, Acoustic Portrait, Lyrita music systems..... That's four for you though I might have missed many.

Honestly I am not sure outside of audiophile forums if anyone would have heard of these.

May be I should have qualified with "mass market", the ones which can fetch dollars to the country in milliions. The ones which the general population can afford. What you have mentioned are niche products serving a small population, but you have a point that there are worldclass products, but what prevents these from scaling and diversyfying. Why do we need to have this debate on duty-free imports.

 

[ranjeetrain]

Trying to take all away(hopefully) from a heated topic debated adnaueam in my generation and with very little results :sad:

Relevant to the original topic, a very honest question. Name one product
of Indian origin which could potentially compete at international level with products of same category.

I really want to know as I may not be aware of.

From the top of my mind:

• Hero bicycles
• Tata cars (made in last 5 years)
• Bajaj Scooters
• Fine textile (I yet have to come across better fabric anywhere in the world I have been)
• Dairy products (there are better tasting choclates produced in India than the world reknowned Rocher Ferrero)
• Nuclear bombs (they are as effective as produced by the BIG-5 and cost a lot less. Proof will be available the first time they are used)
• Saas bahu soaps (In no other country any more gripping drama have been produced for TV viewers)
• Defence products (Don't need to go into details, but some of the products are as good as produced by anyone else in the world)
• Corruption - Our politicians, officials and bureaucrats can compete with the best and beat them

 

[shanmune]

Guys looking at the heated and involved but civilized discussion on this thread i think we should invite Mr.Arnav Goswami to this thread so that may be he can learn how to conduct a debate.
Do the TV channels in other countries conduct the debates in the same way as our news channels do?

ha .. ha .... On a lighter note ....
Please don't cause heartburn for me ... When I return back from office after an hectic work schedule, I prefer watching some TV channels playing comedy shows ... If you invite and make Mr. Arnab Goswami (also called as Justice Arnab Goswami :lol learn from this debate, then you are stealing my right to watch a good comedy show :lol:

 

[anshulkwatra]

I have a hypothesis, please don't brickbat me for that, no data to prove:

Hoarding and smuggling has potential for personal revenue all in power (executive, judiciary and legislative); while personal import leads to no potential for personal revenue for anyone.

Therefore, having a intitutional black market is better.

So to say, the govt. would rather have smuggling than import of goods through green channel. There should be no impact on INR:USD rate.

Economics states that only way to incentivise growth is inflation and consumption while our govt. says India has too much mindless consumption :yahoo: :clapping:

Any economy in today's date and time would want consumption, any kind, atleast the money supply would keep moving.

Time for some basics

Thanks and Regards
Anshul

 

[murali]

A lot of water has gone under the bridge since these posts, but anyway...



Although we still come across the occasional person who will blame British rule for any single thing wrong 60 years later, mostly India never got into the the foreign scapegoat thing. Nor did they see the need to kill, destroy and drive out the last remains of their colonial rulers (sad thought: maybe they were too busy killing each other at the time?) at the time or keep them out later. In a country where the people discriminate against each other according to skin shade, there is surprisingly little discrimination against white (although black does not fare quite so well). Frankly, it surprises me that India is so accepting of those who ancestors oppressed it.

I stopped but after seeing the above, cannot restrain myself. Apologies.

It is not just India. In this Middle East society where I work and hence live, there is still discrimination. It is a 3-tier society where one accepts the local population as the privileged class as it is their country. Fine and no complaints. Then comes the expatriate, Western and Eastern. Western is anyone either with a white skin or geographically from the west. The poor Easterns are from the subcontinent, Philippines etc. The obsessions with Western is very prevalent and they still dictate terms here, no matter they are the mediocre group who are willing to leave their "developed" places because they can't earn even half of what they get here. The Easterns certainly come here, some of the best, because they earn much more than their native places. The compensation is dependent on where you are from, no matter how good or bad you are.

That is the reality of modern world. I don't complain but am just highlighting facts. It is a free world and each individual has to take his or her decision. But does it make sense? Well, that is another story.

cheers.
murali

 

[bhupinder511]

Going abroad? Cut out TVs from shopping list as govt slaps 10% import duty, 12.5% CVD - The Economic Times

According to this article in Economictimes, now the duty on TV is 10% import duty, 12.5% CVD.

I found this tax calculator online New Import Duty & Taxes Calculation | DutyCalculator (dont know how accurate this calculator is)

According to this the tax would be Rs. 10,500/- on a Tv costing Rs 35,000.

So if earlier we were saving Rs 25,000 approx on 40 inch Tv, now by paying Rs 10,000 as tax we would still save Rs 15,000.

Dont whether its worth it or not, just trying to calculate the impact of the tax introduced by govt

 

[SoundCraft]

Did anyone hear our great FM's press meet ???

He so very lightly and with ease dismissed the issue of this duty that we are breaking our heads !!

He said "Its a Trivial issue" and dismissed the question by a concerned journalist !!

Only goes on to show how and what they think of the clause,Also noteworthy is the fact that he doesn't think the rupee is going to comeback any time soon !

Although said its undervalued but didn't make it clear as to how he plans to valuate it appropriately !!

Shame on you Fm and UPA..............

 

[SoundCraft]

This is " nasha" of power speaking. Constantly changing policies in the name of public interest whereas in reality it is to benefit some favourite lobby.

Exactly, Thats what worries me ! They will bring up an ordinance for some stupid reason and make it a law ! We as AV lovers are already paying through our noses for being in this and things can only go sour from here !!

I really don't know whats next that's going to targeted ?

Yes shame on FM and UPA but above all shame on PM to remain a mute spectator knowing fully well all the implications of the decisions taken by Chidambaram as well as Pranab Mukherjee.

Isn't it a well known fact that they chose him to be a PM knowing very well he's the perfect mute spectator and an excellent scape goat ??

 

[Vishal]

Bring back Ras-al-Gul and Bane to clean up this mess ...

The night is darkest before the dawn.

 

[k2max6]

So the custom people started charging duties yesterday. The duty is 36.05% all inclusive.
The grey market prices have also jumped in Delhi. A 40" Samsung LED TV that was costing 34k is now 44 k ( With bill 52k) . If prices remain like this grey market would be gone very soon.

 

[redisco]

i dont think 10% wont make much of a difference when purchasing flat panels from now onwards.Local distributor lobby at work.

 

[vktyagi]

So is it not a discrimination by the government in favour of the rich. Does this not mean that rich can get away with anything but the poor and the middle class have to suffer and mane sacrifices in the name of self-reliance. .

If you call it discrimination, I recently read somewhere that if all the schemes run by Centre and State governments for the benefit of poor are implemented honestly, there shall be no one happier than poor. That is also a discrimination and the tax payer pays for it. How will pay for heavily subsidised food grain to be distributed to poor under "Food Security Act"
Regards

 

[Vishal]

... If prices remain like this grey market would be gone very soon.

which was the purpose I reckon

 

[matoind]

Thanks to Dollar increasing faster than ever, guess it will happen very quickly. I had gone to Delhi Ghaffar market to buy a TV. Came back empty handed. Bought a locally manufactured Samsung as the difference is not enough to lose warranty. (Earlier you could buy 2 Grey market TV for the MRP of Indian TV. So warranty was never an issue)

 

[tingting]

Hi all,

Do anybody bought a LED TV after 26th Aug?
Did the customs officer charge the duty?
What about the people who purchased the TV before the announcement date?

 

[just4kix]

Hi all,

Do anybody bought a LED TV after 26th Aug?
Did the customs officer charge the duty?
What about the people who purchased the TV before the announcement date?

As regards to the third question, do you think that the customs or the government cares?

 

[k2max6]

Hi all,

Do anybody bought a LED TV after 26th Aug?
Did the customs officer charge the duty?
What about the people who purchased the TV before the announcement date?

Yes, they are charging 36.05% duty. Doesn't matter when you purchased it. If you bring it anytime you will have to pay the duty.