Television

Ficci seeks reduced excise, customs duty and service tax

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/10/15/Untitled-1_42.jpg?itok=pN6OrfcV

MUMBAI: With Budget 2003-4 just three days away, various sections of the entertainment industry are ready with their own wish lists, hoping for a bigger pie of subsidy and a lower share of tax.

 

Ficci has asked that customs duty on specified capital equipment for the electronic industry be reduced to five per cent and that the list of specified capital equipment needs to be expanded to include items like 



1. DVD 9 replication line or DVD production equipment comprising of two injection moulding machines

2. one or two metallizers and

3. one UV bonding station and one inspection unit



Ficci has also asked that the levy of excise duty on black and white TV sets and analogue audio (low priced) sets be withdrawn. The levy of eight per cent excise duty in Budget 2002 had resulted in negative growth of the industry as also in a flourishing grey market in B&W TV and analogue audio industry, Ficci claims.



While Ficci supports the imposition of excise duty, it says there is a need to treat entertainment software differently from other manufactured articles and similar to IT software. "There is a strong case to remove excise duty on CDs, as CDs too are a medium for carrying software", says the Federation.



As regards the telecom cable industry, Ficci says that the industry is facing a recession due to anomalies in customs duty especially with high duties on raw materials. Major raw materials like polyethylene, copper, steel tap, polyster yarn and optic fibre face peak customs duty resulting in high prices to the industry. However finished products attract lower duties (15 per cent for telecom cables). "As per the basic policy, there has to be duty differential between raw materials and the imported finished products and raw material should attract lowest rate of duty", the Ficci report notes. 



As regards service tax, Ficci notes that unlike most industries, entertainment is a unique combination of skill, talent, technology and infrastructure. "The creation of a product like a film involves several stages of production, distribution and exhibition. These various stages, inter alia, produce a product which is comprehensible only at the final stage. In the system in vogue, the same product will be taxed at multiple points which obviously cannot be the intention of the government."



As regards advertising and brand building, Ficci observes that investment in these sectors in India is one of the lowest in the world. "Since advertising budgets of the corporates and others are broadly inflexible/fixed and additional levy of five per cent would lead to reduction in media revenues particularly of electronic media as the attempt would be to absorb the tax within the existing budgets."



A tax on advertising 'non VATable tax - does not exist anywhere else in the world' and such a levy at this juncture would send contrary signals to the rest of the world. "It is widely felt that one more tax on consumer goods industry's critical inputs like advertising will make their products even more expensive and thereby reduce demand further."



Ficci has also asked that CENVAT credit be given for service tax on this industry as well, and that service tax not be levied in case of technical know how fee.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/22/mohan.jpg?itok=n7ztN1Qm
Carnival Cinemas appoints Mohan Umrotkar as CEO

Spearheaded by Dr. Shrikant Bhasi, Carnival Cinemas has appointed Mohan Umrotkar as its chief executive officer. He takes over from P. V. Sunil who has been elevated as the managing director of the company.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/22/Dmitry%20Shishkin%20BBC_0.jpg?itok=lQAV7bYt
Why India expansion makes sense to BBC

MUMBAI: BBC is rising to the fact that expansion in India makes logical sense. With the proliferation of news sources, BBC is witnessing a mobile revolution especially in India, Asia and Africa. "It would be presumptuous to think that people would come to our websites just because we’ve launched...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/22/Untitled-1_1.jpg?itok=I4RqQXC3
STAR, Zee & Times top media list, Airtel & Tata Sky entrenched

MUMBAI: STAR, Zee and Times have continued to lead in the list of top 10 media groups in India. The growth of television distribution firms, Business Standard reported, has been one of the major changes the listing has seen in five years. Bharti Airtel and Tata Sky are now well-entrenched in the...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/22/Untitled-1_0.jpg?itok=C2sUrpU-
English News, Religious & Music HSM genres lose: Chrome DM

MUMBAI: 'Sports - All-India' genre has emerged as the most benefitted genre with 1.92 per cent. DD Sports has topped the chart with 95 per cent opportunity to see (OTS) in week 33, Chrome Data Analytics & Media reported.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/22/supriya%2Bsahu.jpg?itok=LT0XJXPj
Doordarshan welcomes young anchors, expects CVs by 31 Aug

NEW DELHI: In a attempt to infuse new and fresh talent, the public broadcaster Doordarshan has invited youngsters to join the organisation as anchors and presenters.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/21/sameer.jpg?itok=BviS2VG0
Zee brings first English-language South Asian reality show to U.S, ropes in Lexus & Wells Fargo

Zee Entertainment Enterprises (ZEEL), a worldwide content company, is breaking new boundaries globally by making a tremendous impact in the U.S. The organisation’s leading Hindi channel, Zee TV, which was the first Hindi channel to be launched in the U.S. in 1998, is now making its presence felt in...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/21/asianet.jpg?itok=Wy0Q6Jox
Asianet News Digital’s suvarnanews.tv claims to have registered 20 times Y-o-Y growth

Asianet News Kannada digital platform www.suvarnanews.tv has reported a phenomenal 20x year-on-year growth. This shows the potential of vernacular in driving the next big wave of digital news growth. As the language with the third highest Internet adoption after Tamil and Hindi, Kannada has emerged...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/21/freeedish_0.jpg?itok=Pk0x1Gw3
Doordarshan puts off 37th FreeDish auction

The 37th online auction for vacant general entertainment channels on Doordarshan’s free-to-air DTH platform FreeDish slated for tomorrow has been put off.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/21/Untitled-1_4.jpg?itok=1QESkwZp
Sports entertainment: Mediacorp gains access to ONE Championship content

MUMBAI: ONE Championship, a sports media property in Asia, has established a partnership with Singapore-based multimedia conglomerate Mediacorp. With a reach that spans the nation, Mediacorp will gain access to all ONE Championship content, including its live events.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories