Movies

Film industry welcomes duty rationalisation on raw stock, decries service tax on copyright

MUMBAI: The film industry is disappointed with the 2010-2011 Budget for ignoring most of their demands. The one exception, though, is the rationalisation in the customs duty structure for import of raw stock by charging customs duty only on the carrier medium to remove the differential rates between importing digital masters of films and cinematograph film.


Says Motion Picture Dist Association (India) Managing Director Rajiv Dalal “ We are pleased with the Finance Ministry‘s decision to address the film industry‘s concerns over customs taxation on the import of DVD Masters. Charging customs duties on DVD Masters based on carrier medium instead of transactional value will allow for greater importation transparency as well as increased foreign direct investment into the Indian film and television sector.” 


Explains Shemaroo Entertainment Director Hiren Gada, “Earlier Customs duty used to be charged on intellectual property (DVD and Beta formats) imported from abroad on the carriage medium. But with the FM’s decision to rationalize the customs duty structure on the carriage medium, importing films from overseas would get cheaper. By this Hollywood would be the biggest beneficiary.”


The Budget also seeks to imply service tax on IPR copyright film and music. “Earlier, only VAT was imposed on the copyright (film) because the government had said that copyright was a product. Now, you cannot subject service tax on a product on which we pay VAT,” questions Gada.


“This would mean that the industry will have to shell out 10 per cent of its revenue by way of tax. As it is, the film industry is reeling under high entertainment tax and growing piracy. Producers are furious and I am sure in the coming week, there is bound to be a serious reaction to this step of the government,” adds Gada.


Laments producer Harry Baweja, “As it is there is a considerable drop in the production of films and if the government sticks to its proposal of charging service tax, production is bound to go down considerably.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/22/film-bazzar.jpg?itok=aXdmkfeu
Entries open for NFDC Film Bazaar at IFFI 2017

The National Film Development Corporation (NFDC), which hosts the Film Bazaar during the International Film Festival of India in November in Panaji, has invited entries for the 11th edition of NFDC Film Bazaar Co-Production Market

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/22/abhram.jpg?itok=7nsn3PaG
Radio City launches initiative to felicitate regional film fraternity

Radio City 91.1FM, a leading radio network, in yet another pioneering move, announced Radio City Cine Awards, its first ever award initiative to felicitate regional film fraternity in India. There are 10 different categories like favourite actor, favourite actress, favourite director, favourite...

Movies Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/muuna.jpg?itok=oHHT0COD
Munna Michael..... Just a passable affair!

Munna Michael follows the formula of musical films about disco dancers made during 1980s to the core. You know, the kind of films Mithun Chakraborty was identified with! Such films also provided ample scope for action. Dances were the mainstay of these films. Action and romance followed. But this...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/Saregama-Logo.jpg?itok=DYHmJQMt
Saregama's Yoodlee to target 18-30 age-group with thematic films

MUMBAI: Popular music banner Saregama has ventured into film production through Yoodlee Films under which it will make thought-provoking and engaging content, releasing films every month. Targeting the 18-30 age group, the banner will cater to the inherent need of the audience to watch strong...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/18/5555555555555.jpg?itok=83HRb8jD
Distributors' 'star films' gamble backfires

Jagga Jasoos is the latest film to release last Friday. The team of Anurag Basu and Ranbir Kappor who combined to give Barfi (2012) were expected to come up with something better. What is more, even Ranbir Kapoor had put his faith Basu and turned a co-producer in the project! The film, in the...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/17/Salute-Zindagi.jpg?itok=7LZxCh-O
Saregama & Officer's Choice launch short film platform Salute Zindagi

MUMBAI: Allied Blenders and Distillers Pvt. Ltd., India’s homegrown spirits company, has launched Officer’s Choice Blue Snacks, Salute Zindagi, in association with Saregama. Taking forward the brand’s core ethos of the ‘Good Samaritan’, the platform is set to host six short films inspired by the...

Movies Short Films
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/14/jagga-jasoos.jpg?itok=uC2kQjG0
Jagga Jasoos - a disappointment both as a musical and as a comedy

Describing a film as a musical is a misnomer as the genre does not exist and in any case music as we knew it has virtually ceased to exist Hindi films which have lyrics that pass off as songs.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/13/Untitled-1_37.jpg?itok=ZSCDHaI3
Entries invited by FFI for Oscar award consideration

The Film Federation of India today invited entries of Indian films commercially released in India between 1 October 2016 and 30 September 2017 for the Oscar awards which will be presented in February next year.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/12/Sony_Max-Chrome.jpg?itok=d-udsn-Q
Hindi Movies genre grew by 1.36%, Sony Max tops with 93.9% OTS: Chrome

MUMBAI: Hindi Movies (Hindi-speaking market) HSM (Exclusive) was the most benefitted genre with 1.36 per cent with Sony Max topping the chart with 93.9 per cent opportunity to see (OTS) in week 27, Chrome Data Analytics & Media reported.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories