Duty on flat panel TV imports from Aug 26

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. 

Full report here Times of India


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