A fairly significant set of announcements relevant to the digital industry, in the Vote on Account announced today, looking, in particular, to boost manufacturing of digital equipment within India, by reducing excise duty: - Excise Tax reduction from 12% to 10% in capital goods and consumer non-durables in Chapter 84 (details here) and Chapter 85 (details here), up to 30.6.2014, and to be reviewed at the time of the regular budget. Items with relevance to digital businesses: a. Printers: Line printer, Dot Matrix Printers, Letter quality daisy wheel printer, Laser Jet Printer, Ink Jet Printer, Ink Cartidges (with and without print-head assembly) b. Storage devices: Floppy disc drives, Hard disc drives, Removable or exchangeable disc drives, Magnetic tape drives, Cartridge tape drive, CD-ROM drive, DVD's, Microprocessors, Motherboards, Other mounted printed circuit boards, Network access controllers, Graphic and intelligence based script technology (GIST) cards for multilingual computers c. Cell phones and networking devices: Push button phones, cellular phones, base stations, modems, ISDN Terminals, ISDN Terminal adapters, Routers, Set Top Boxes for gaining access to Internet d. Audio equipment: Attachments for telephones, Microphones, Loundspeakers, Headphones, Airphones, Amplifiers, Turntables, answering machines, e. Video equipment: CD Players, Mini disc player, Laser Disc player, MP3 Player, Video Recorders, Betacam (digital or otherwise), Professional Video Tape Recorders with 3/4" or 1" tape, DVD Player, Smart Cards, Audio and Video Cassettes f. SIM Cards, Smart Cards, Memory Cards, Proximity cards and tags g. Broadcast equipment: Radio broadcast transmitter, TV broadcast transmitter, communications jamming equipment, Wireless microphone, Walkie…
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Vote On Account 2014: Excise Duty Reduced For Phones, Printers, Smart Cards & More; Status Of Projects
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