New Delhi: The Indian government has slashed the basic
customs duty on set-top boxes (STBs) to 5 per cent from
25 per cent while doing away with the countervailing duty
and the special additional custom duty. However, these
concessions will be available up to 31 July 2003 only.
duty changes would result in the prices of STBs across
the various ranges coming down by around 45 per cent,
thereby making them much more affordable to a wider section
of the population. According to industry estimates, the
price of a STB that was earlier costing Rs 4,000 will
now be available at around Rs 2,700.
and Broadcasting Minister Ravi Shankar Prasad says the
duty component for STBs has been reduced drastically keeping
in mind the consumer interest. "Prices could fall
by 45 per cent."
STBs used to attract 25 per cent basic customs duty, 16
per cent countervailing duty and 4 per cent special additional
duty, besides sales tax ranging between 4 and 12 per cent.