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Indian TV Tax To Hit UAE Retailers

by Lorys Charalambous, Tax-News.com Cyprus

27 August 2013


Electronics retailers in the United Arab Emirates (UAE) are expected to be negatively impacted by India's decision to ban the duty-free import of flat-screen televisions from August 26, 2013.

Prior to the ban airline passengers were permitted to carry INR35,000 (USD533) worth of television sets into India tax free. However, as of August 26 TV sets being carried into India will be subject to a 35 percent levy, plus a fine.

According to a news report, 85,000 TVs are sold in the UAE each month, with 20,000 being carried to India monthly. Some retailers estimate that India's ban on duty-free TV imports could result in a 20 percent decline in sales.

The ban is intended to reduce flows of cash out of India.

TAGS: United Arab Emirates | tax | India | import duty | retail

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