Budget: Customs duty on imported STBs doubled

[jayanji]

NEW DELHI: The government has decided to double the customs duty on imported set-top boxes (STBs) to ten per cent, a move set to encourage domestic manufacturers but to have immediate consequences on prices and possibly hurt multi-system operators (MSOs) and DTH companies.

The government feels that domestic production of STBs would get a stimulus even as implementation of digitisation spreads across the country.

Finance Minister P Chidambaram said in his Budget speech for 2013-14 that the aim was also at value addition in the sector.

Indiantelevision.com's > Digital Edge> Budget: Customs duty on imported STBs doubled

 

[jayanji]

Increase in import duty for set top boxes from 5% to 10% may increase the cost for DTH/ Cable operators - See more at: Budget review for M&E: Rakesh Jariwala, E&Y | MxM India

 

[jayanji]

DTH stocks tumbled after Finance Minister, P Chidambaram in its Union Budget 2013-14 proposed to double the duty on imported Set Top Box from 5% to 10%.
Dish TV India is currently trading at Rs. 65.00, down by 1.05 points or 1.59 % from its previous closing of Rs. 66.05 on the BSE. The scrip opened at Rs. 66.90 and has touched a high and low of Rs. 68.00 and Rs. 64.55 respectively. So far 438015 shares were traded on the counter.

Sun TV Network is currently trading at Rs. 423.60, down by 0.80 points or 0.19% from its previous closing of Rs. 424.40 on the BSE. The scrip opened at Rs. 427.70 and has touched a high and low of Rs. 434.90 and Rs. 422.40 respectively. So far 54011 shares were traded on the counter.

Den Networks is currently trading at Rs. 200.00, down by 6.20 points or 3.01% from its previous closing of Rs 206.20 on the BSE. The scrip opened at Rs. 206.50 and has touched a high and low of Rs. 207.00 and Rs. 200.00 respectively. So far 10440 shares were traded on the counter.

DTH stocks slide after FM proposed to double duty on imported Set top box | Equity

 

[M.J.Sadiq]

So, the MSO's or DTH operators ordered STB outside India and waiting for delivery, will be charging high for the STB cost..

 

[me_saket]

10 Duty will chages for those stb imported after 1st april

 

[me_saket]

But they shyd reduce double tax of service and entertainment

 

[dishkiller]

bad news ....for us

 

[Red]

very very bad news to all peoples!:'(

 

[jayanji]

Dth/MSO will direct the cost to all customers,
This is to promote the Indian made stb sale.
But their production is insufficient.

 

[dipak]

now 1 month remaining, so purchase set of box as soon as possible.