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.
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