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Higher Tax Makes Electronic Items Costly In India

By       -   October 31st, 2015

Till now, travellers could bring a TV set worth 35,000 with them without having to pay import duty. This had resulted in Thailand, Dubai, Singapore and Malaysia becoming attractive shopping destinations.

 

The government’s move to impose Customs duty has put end to this practice. People buy flat-screen television sets abroad because they can save money.

 

A 40-inch HD Smart Samsung television set that costs around $422 in USA can cost as much as $917 in India’s retail market because of taxes. The price difference is because of the 30 percent taxes the brands have to pay for local manufacturing in India.

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