India imposes 5% import duty on STBs
Monday, July 6th, 2009In India’s Budget for 2009-2010 a 5% import duty was announced for set-top boxes.
“Full exemption from basic customs duty was provided to Set Top Boxes in 2006 to enable their free import for the smooth introduction of the Conditional Access System (CAS). Now that production capacity has come up in the country, I propose to impose a nominal basic customs duty of 5 per cent on such Set Top Boxes to encourage domestic value addition.”
More: Budget Web Site
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