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

[vivek.saikia]

This is the most desperate measure taken by our Government to control the falling Rupee.
Putting constraint on Gold and Electronics will have rather negative impact on the rickety Indian economy.
But again, I am no economist, like our PM.

 

[echo77]

I wonder if all those dealer warranty TVs on ebay will no longer be available in a few weeks time...

 

[just4kix]

 

[doors666]

This is the most desperate measure taken by our Government to control the falling Rupee.
Putting constraint on Gold and Electronics will have rather negative impact on the rickety Indian economy.
But again, I am no economist, like our PM.

well, right now it looks like u are more of an economist than our PM and FM put together:lol:

 

[vivek.saikia]

well, right now it looks like u are more of an economist than our PM and FM put together:lol:

Well, I am just doing a lot of study on the Rupee "Situation"

 

[hemantwaghe]

Hi all,

What about the people who purchased the TV before the announcement date?

There is logic for all the laws

1) A new law is applicable as soon as it is passed or - from the time it is decided..

2) All persons to whom the law is applicable are assumed to be know the law or supposed to know the law. ONE CANNOT CLAIM IGNORANCE OF THE LAW ( like after murder - you cannot say " I do not know killing is punishable offence!" , or after duty is charged , you cannot challenge why custom duty is charged!!hyeah:hyeah::licklips::yahoo::yahoo:

LEGAL EXPERTS PLEASE CORRECT ME IF I AM WRONG...

 

[just4kix]

No corrections required.

 

[vktyagi]

There is logic for all the laws

1) A new law is applicable as soon as it is passed or - from the time it is decided..

2) All persons to whom the law is applicable are assumed to be know the law or supposed to know the law. ONE CANNOT CLAIM IGNORANCE OF THE LAW ( like after murder - you cannot say " I do not know killing is punishable offence!" , or after duty is charged , you cannot challenge why custom duty is charged!!hyeah:hyeah::licklips::yahoo::yahoo:

LEGAL EXPERTS PLEASE CORRECT ME IF I AM WRONG...

Would have been a shock to those who proceeded abroad before introduction of the change in the rule, with primary motive of bringing flat panels and unaware of the change, landed before the Customs officer with a flat TV in the baggage.

 

[Thad E Ginathom]

Most TVs are not going to fit in suitcases, so it is an easy item to target.

Does anybody know if there is any hardening or clamping down on applying [existing] duties to other electronics?

 

[elec4pal]

Hi all,

I have a questions on the those LED TV which were bought a year ago and brought to India after 26th Aug. In such case, do we need to still pay the customs. Any idea what would be the case for used TVs that is brought to India.

Thanks,

 

[just4kix]

Hi all,

I have a questions on the those LED TV which were bought a year ago and brought to India after 26th Aug. In such case, do we need to still pay the customs. Any idea what would be the case for used TVs that is brought to India.

Thanks,

Unless you are bringing stuff under the TR scheme, you will be treated like any other passenger importing a flat panel TV. If you are able to convince the officer about the TV being old, the officer may reduce it's value. Customs duty will still be 36.05%.

 

[hermespan]

So, now what replaces large screen TVs for profiteers like me?

I am an anarchist foreigner with no respect for any State regulations that prohibit any actions that do not include fruad, theft or coercion. What consumer goods are sensible to now bring in for resale or strategic gifting? Best is if it can be done legally and without Customs hassles.

I want to help pay for my tourist trip in India. I arrive from Bangkok.

 

[Soundstage]

So, now what replaces large screen TVs for profiteers like me?

I am an anarchist foreigner with no respect for any State regulations that prohibit any actions that do not include fruad, theft or coercion.

So what makes you think you are different from any of our friends in the current Government?

 

[gauthamnaidu]

i think they should tax the PM and FM for any import or any purchases made.. i think they can pay for all of us together! expect taxes for viewing tv in your houses too...and wait..if u switch it off u have to pay tax for that too.. while u slog all day to pay for it.. he will sleep in the assembly..hail Indian politics

 

[Soundstage]

i think they should tax the PM and FM for any import or any purchases made.. i think they can pay for all of us together! expect taxes for viewing tv in your houses too...and wait..if u switch it off u have to pay tax for that too.. while u slog all day to pay for it.. he will sleep in the assembly..hail Indian politics

Comedy Videos Clips - Lagey Raho Dr. Baldev Singh - Silent Patient - Comedy One - YouTube

A lighter look at things....much needed in this climate of gloom & doom!

Trust this is okay with the mods...

 

[Thad E Ginathom]

I read in the newspaper today that, in this city, shops specialising in imported goods are closing and/or increasing prices by 30%. Obviously, the price rise on imports is to be expected.

There's a whole trade going on there that I never knew anything about (too late to find out now!) and apparently around one hundred people per week (now being cut back) were travelling abroad just to import electronics etc. And I had thought the whole grey-market thing was fairly casual and opportunistic!

Anyway, we are a hifi forum of people interested in buying hifi. Let's be unashamedly selfish about this and ignore wider issues and ask... what are we to do? For many of us, inevitable price rises on items (some of which were overpriced in the world market to begin with) is just going to make buying impossible for the foreseeable future.

It's all :sad: :sad: :sad:

 

[shanmune]

Food for thought before I log out for my lunch :licklips:

Since our independence, the age old concept followed in India are these points :_
1. Tax the rich and take care of the needs of the poor. Anything wrong in this ??? Absolutely not ...
2. Add tax for the luxury items and spend for the social sector . Anything wrong in this ???? Again, absolutely not ...

- Considering the above points, is it justified to add tax for the import of TVs or any other AV systems ? Purely going by the above points, it is completely justified to have the tax.
- Now comes a different thought. In the context of the above points, do we have the moral right to feel disappointed when our government bans duty free import of TVs ? ... Yes, we have the moral right to feel so and there can be no justification for the government's action. Isn't this contradicting to the first two points I have put .??? The answer is simple NO ..
Why ???
The reasons are :-
1. The government(s) think that only the rich buy the luxury items. The truth is even the middle class (of today's) aspire to buy the luxury items with their hard earned money. Or is the government saying that the middle class has no birth right to get the luxury items ??? Anyway, are you still not convinced ?? Okay's let go to the next point.
2. When someone says that the middle class has no right to crib ... then I have this question. Why should they feel not disappointed in paying taxes (I mean for affordable luxury items) when crores and crores of money are wasted (I don't want to go how it's get's wasted ... be it rotting grains, corruption or any other thing ..) by the government ? Why not save that money from getting wasted and spend that for the social sector ? So it all looks like that only the middle class has to carry the burden and not the actual rich ... Middle class doesn't have the right to crib to pay the tax provided the system is honest enough ... but the system itself is dishonest and leaking the money, then the middle class has every right to crib ...
but there is one point which can potentially demolish all these argument ... why care about the middle class when they themselves are least bothered to exercise their voting right

 

[elec4pal]

Unless you are bringing stuff under the TR scheme, you will be treated like any other passenger importing a flat panel TV. If you are able to convince the officer about the TV being old, the officer may reduce it's value. Customs duty will still be 36.05%.

What is this TR scheme? Can you please get me some update?

 

[Thad E Ginathom]

TR is Transfer of Residence. It is not for casual imports, it is for people bringing their household to or back to India. The person must have been living outside of India for a stipulated time.

TR gives you allowances for a number of used items on a one of this, one of that, basis. You can find out about it at the Indian Customs site, or maybe google direct.

I don't think that it applies for hand-carried goods anyway.

 

[bkp149]

Anyone knows that what is the customs valuation for LG 47LM7600?
Thanks in advance.