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/2017/04/22/Payal-Kapadia_0.jpg?itok=RVfBiQVY
Cannes: Thurman to preside over Un Certain Regard Jury, Indian 'Afternoon Clouds' in shortlist

American actress Uma Thurman will preside over the Un Certain Regard jury of the 69th Cannes Film Festival next month.

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/noor%20%281%29.jpg?itok=AsY_F_na
Noor...Insipid...

Noor is based on a book by the Pakistani journalist- writer Saba Imtiaz, ‘Karachi, You Are Killing Me!’ The book in itself does not really tell a story, it is more like a diary of a journalist of day-to-day experiences and adventures along with a bit of her personal life.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/19/Macbeth.jpg?itok=MgGdmOj-
Macbeth on 23 April: Sony Le Plex HD remembers the Bard

MUMBAI: “Be not afraid of greatness: some are born great, some achieve greatness, and some have greatness thrust upon them,” said Shakespeare (the Bard of Avon). Legends never die. One such legend is William Shakespeare. An English poet, playwright, and actor, he passed away 400 years ago, but his...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/19/begum-jaan%20%281%29.jpg?itok=cgTbbEJR
Big stars unaffordable for independent producers

Big films are getting scarce with some major studios pulling out from backing productions. Thanks to the corporate houses bankrolling films, the costs have escalated and the stars have become unaffordable for independent producers.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/14/begum-jaan%20%281%29.jpg?itok=Gg2_QMDN
Begum Jaan.....A rebel without a cause!

The last memorable film on a brothel and prostitutes was Shyam Benegal’s Mandi. The theme was that wherever there are people, a brothel is bound to spring up and, otherwise, wherever a brothel comes up, a town is bound to come up.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/14/Carnival%20motion%20pictures_0.jpg?itok=YUAxVDvD
Carnival Motion Pictures to get into mainline content generation & distribution, says chairman

MUMBAI: It was an occasion to revisit memories as cricket legend Sachin Tendulkar launched the trailer of ‘Sachin – A Billion Dreams’ in Mumbai. Following the launch, Tendulkar had an exclusive screening of the trailer on Extraaa Innings T20 on Sony Max.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/13/cinepolis%20%281%29.jpg?itok=-njroxvS
Cinépolis to accept UPI payments through HSBC

Cinépolis, which claims to be India’s first international and the world’s fourth largest Cineplex chain, has launched a Unified Payment Interface (UPI) across all its multiplexes in the country as part of the current government’s ‘go-cashless’ and digital economy drive.

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/11/Sandrine-Kiberlain%20%281%29.jpg?itok=LqqXT_2R
Sandrine Kiberlain to preside over Camera d'or jury at Cannes

Renowned French actress Sandrine Kiberlain is to preside over the jury for this year’s Caméra d’or – award for the at the 70th Cannes International Film Festival this year. Canera d’or is a prize to a director’s first work from the Official Selection, the Directors’ Fortnight or the Semaine de la...

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/08/kadvi-hawa%20%281%29.jpg?itok=6LcmEycp
Drishyam's Dhanak is 'Best Children's Film', new 'Kadvi Hawa' gets special mention

Drishyam Films’ much loved film Dhanak has won the 64th National Film Award for Best Children’s Film and their upcoming film, Kadvi Hawa has received a ‘Special Mention’ by the National Awards jury.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories