PC PRICES BACK TO PRE-BUDGET LEVEL

Search News

PC has fixed this error. In a move that would take the price of personal computers (PCs) back to the pre-budget level, the finance ministry today announced an additional duty of 7% on the import of a finished computer (CPU, monitor, keyboard and mouse) and 6% on a stand-alone CPU.

The move will end the inverted tariff structure caused by the budgetary decision to exempt excise duty on PCs. The anomaly stands corrected now.

The introduction of the levy is in exercise of powers under Section 3 (3) of the Customs Tariff Act and is aimed at counter-balancing the excise/CVD paid on input parts and peripherals by a local PC manufacturer, Indian or MNC, which remains at 16%.

The additional duty imposed on imports works out equivalent to the net impact of the excise on inputs and peripherals.

Find Lawyer / Law Firm

Archives

Gambling in India

The Public Gambling Act, 1867 also known as the "Gambling Act" is the primary law which governs gambling in India. However, the state legislatures, under the Constitution of India, are currentl More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More