Govt. cuts customs duties on set top boxes

NEW DELHI / MUMBAI: The government today took a huge step towards incentivising the rollout of set-top boxes into the market by cutting tariffs on the import of STBs to 5 per cent from the current level of 25 per cent basic customs duty.

As per the bare bones information available with at the time of posting this report, the latest notification to be issued relating to the rollout of conditional access systems (CAS) in the country, states: Under Indian Customs Act 1962 Section 25 Subsection 4, duties on IRDs (integrated receiver decoders) also known as set-top boxes - Duty is 5 per cent.

Interestingly the notification is dated 1 March 2003, which throws up the inevitable question of why the government kept quiet about it for just under three months.

It may be recalled that at a meeting on 4 March among the Consumer Electronics Traders and Manufacturers Association (CETMA), the apex body of electronics goods manufacturers in India, information & broadcasting ministry officials and finance ministry officials, it was firmly conveyed that there would be no reduction in duties on STBs.

If what the notification states is correct, total duties on STBs will come down from the present 51 per cent duty (25 per cent basic customs duty, 15 per cent countervailing duty and 4 per cent additional taxes), to 34 per cent. It needs stating herewith that this is an initial assessment that is making as further clarifications are still being sought.

Full details of what this notification states and what its implications are will be posted as soon as they become available so stay tuned.

Also Read:

STB duties: finance ministry won't budge

Latest Reads
Excitement Tenfold as Nickelodeon India Brings a Week of fun to celebrate children’s day

The memories that we make as children always set path for the adult in us.  Nickelodeon, India’s leading kids’ entertainment franchise by Viacom18

Television TV Channels Kids
The Irwin Family -Terri, Bindi and Robert - come home to Animal Planet in ‘CRIKEY! IT’S THE IRWINS’ which premiers in India on November 15 at 9 PM IST

Lace up your boots because you’re about to embark on the journey of a lifetime with the family that’s bringing khaki back.

Television TV Channels English Entertainment

MUMBAI: A new study on type 2 diabetes (T2D) patients in India finds that obesity among diabetics is on the rise. The same study also revealed that majority of patients prefer to have fewer large meals as opposed to more frequent small meals which are more diabetes friendly The results are part of...

Television TV Channels News Broadcasting
Cartoon Network celebrates 20 years of heroic supremacy of The Powerpuff Girls in November

Cartoon Network, home to the three fabulous superhero sisters, Blossom, Bubbles and Buttercup rings in 20 glorious years of ‘The Powerpuff Girls’ this November. Cartoon Network India along

Television TV Channels Kids
Eros International acquires highly anticipated Telugu film Amar Akbar Anthony

Eros International Media Ltd, a leading global company in the Indian film entertainment industry, in association with Mythri Movie Makers will be releasing Telugu action entertainer Amar Akbar Anthony.

Television TV Channels Music and Youth
Republic TV continues to dominate English news genre: BARC week 44

In the Hindi news (U+R) genre, Zee News climbed two slots to the third position in week 44 of BARC ratings. Aaj Tak yet again stood on top in all the three genres. Republic TV continues its dominating streak in the English news genre.

Television TV Channels Viewership
Essel Group engages Goldman Sachs to sell half its stake in Zee Entertainment

Mumbai: 13th November 2018, Subhash Chandra and family along with its advisors met in Mumbai over the Diwali weekend to undertake a strategic review of its businesses in view of the changing global media landscape. The strategic review underscored the importance of technological advancements such...

Television TV Channels GECs
Get ready to go on a Royal Journey with FYI TV18’s ‘Royal India with Samira’

Ever wondered what Maharaja’s at their Royal palaces eat for their dinner? From understanding what all goes into the making of a royal meal to stealing some royal recipes, Samira is all set to take you for a Rich Food adventure.

Television TV Channels Factual @ Discovery
HISTORY TV18 presents ‘Grand Central Stations’ premiering this Diwali at 8PM

Grand Central Stations premiering on November 7th at 8:00 PM on HISTORY TV18invites viewers to discover a symbolic stationthrough the eyes of an outsider who wants to understand the nation’s history.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories