The government today banned duty-free import of flat screen TVs by air travellers in a bid to prop up the Indian rupee, which declined to below the 63 level against US dollar.
The government, according to a notification, has decided to “disallow import of flat panel (LCD/LED/Plasma) TVs as part of free baggage allowance” with effect from August 26.
Air travellers currently can bring a flat screen television for personal use without paying any duty.
This would mean air travellers bring in TV as part of the baggage from August 26 would have to pay customs duty.
–from Financial Express
Category: Currencies
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India trying to stop Rupee’s plunge
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Twitter on Rupee’s fall
#Rupee When UPA II came to power, Rupee was trading at around Rahul's age. Now near Sonia's age. Next stop- Manmohan Singh's age
— alphaideas (@alphaideas) July 8, 2013
Hattip Dhanya Rajendran