Business Standard

Government targets TV imports by airline passengers as rupee plummets

Image

Reuters

REUTERS - India will ban the duty-free import of flat-screen televisions from August 26, the government said in a statement on Monday, adding to a package of measures designed to prop up the rupee by stemming the flow of foreign currency out of the country.

Government officials estimated that more than 1 million television sets were brought into the country last year -- many from Dubai, Thailand and Singapore -- under a scheme that allowed airline passengers to bring in screens worth up to 35,000 rupees as part of their baggage allowance.

Under the new rules, passengers will have to pay a 35 percent duty and other charges, the officials said. (Reporting By Manoj Kumar and Rajesh Kumar Singh. Writing by Shyamantha Asokan)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 19 2013 | 5:57 PM IST

Explore News