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HindustanTimes Wed,17 Sep 2014

Govt bans duty-free flat screen TV import by air travellers

PTI  New Delhi, August 19, 2013
First Published: 22:14 IST(19/8/2013) | Last Updated: 23:16 IST(19/8/2013)

The government on Monday banned the duty-free import of flat screen televisions by air travellers in a bid to prop up the rupee, which fell below the 63 level against US dollar.

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The government, according to a notification, decided to "disallow the import of flat panel (LCD/LED/Plasma) televisions as part of free baggage allowance" with effect from August 26.

Air travellers currently can bring a flat screen television for personal use without paying any duty.

This would mean air travellers bringing in TVs as part of their baggage from August 26 would have to pay customs duty.

In order to contain the Current Account Deficit (CAD) and arrest rupee depriciation, government has raised the duty on gold, platinum and silver to 10%.

Finance Minister P Chidambaram said that steps would be taken to compress import of non-essential goods.

The value of rupee touched all-time low of 63.30 to a dollar in the afternoon trade.


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