Government targets TV imports by airline passengers as rupee plummets

Mon Aug 19, 2013 5:57pm IST

A customer uses her mobile phone at a store where TV sets made with LG Display flat screens are displayed for sale, in Seoul January 23, 2013. REUTERS/Kim Hong-Ji/Files

A customer uses her mobile phone at a store where TV sets made with LG Display flat screens are displayed for sale, in Seoul January 23, 2013.

Credit: Reuters/Kim Hong-Ji/Files

REUTERS - India will ban the duty-free import of flat-screen televisions from August 26, the government said in a statement on Monday, adding to a package of measures designed to prop up the rupee by stemming the flow of foreign currency out of the country.

Government officials estimated that more than 1 million television sets were brought into the country last year -- many from Dubai, Thailand and Singapore -- under a scheme that allowed airline passengers to bring in screens worth up to 35,000 rupees as part of their baggage allowance.

Under the new rules, passengers will have to pay a 35 percent duty and other charges, the officials said. (Reporting By Manoj Kumar and Rajesh Kumar Singh. Writing by Shyamantha Asokan)

FILED UNDER:

Reuters Showcase

Land Ordinance

Land Ordinance

Modi says willing to make changes in land decree  Full Article 

Sahara Woes

Sahara Woes

SEBI cancels Sahara's portfolio management licence  Full Article 

Gold Demand

Gold Demand

India gold demand muted, eyes cut in import duty  Full Article 

Coffee's Hot

Coffee's Hot

IPO could value Cafe Coffee Day at $1 billion  Full Article 

Sahara Salaries

Sahara Salaries

Some staff say Sahara has not paid salaries for months   Full Article 

DLF Fined

DLF Fined

DLF says reviewing $8.4 million SEBI penalty  Full Article 

GM Corn

GM Corn

Monsanto says GM corn trial in final stage in India  Full Article 

Rail Budget

Rail Budget

Breakingviews - India goes back to future with $137 bln rail push  Full Article | Full Coverage 

Clean Energy

Clean Energy

India says clean energy a $160 billion opportunity over five years  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage