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)

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Comments (1)
SmallbizGuru wrote:
Ridiculous and typical of Mr. P Chidambaram – to take a step which has no meaning, but inconveniences the ordinary Indian. The total “savings” from this step will be US Dollars 300 million – compared to a Current Account Deficit in excess of US Dollars 90,000 Million.

The only true and sustainable way is to promote local manufacturing and exports by local people of local goods and services – but this government cannot think of such simple remedies.

Aug 19, 2013 5:34am IST  --  Report as abuse
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