ADDING COLOUR TO WHITE GOODS

Article Abstract:

The colour television sales have fallen by 25 to 30 percent and black and white televisions have shown a 5 percent negative growth since January 1999, according to a data of Consumer Electronics and Television Manufacturers' Association (Cetma). The industry is demanding some duty reliefs from the Government in the 1999 budget to sustain its performance during 1999-2000. The Finance Minister has announced a revised excise duty structure comprising three tiers - merit (8 percent), mean (15 percent) and demerit (40 percent). Mr Vijay Crishna, Managing Director of Godrej- GE Appliances, opines that if the new structure is implemented the consumer goods will come under 15 percent duty structure. This will be three percent lower compared to the current duty. This, the industry feels, will trigger demand and also increase tax revenue for the Government. (um)(psr)

Market information - general, Household audio and video equipment, Consumer Electronics

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CTV SALES HIT AS SCHEMES COME UNDER SCRUTINY

Article Abstract:

The sales of colour televisions in August 1998 declined by 30 percent across the country as a result of raids on dealers by sales tax officials in Maharashtra. The tax authorities are investigating the exchange schemes and money-back offers made by CTV manufacturers and dealers. Sales has been affected as these schemes were abandoned by July end. Sales of CTVs had increased by 15 percent between April to August 1998. (khr)

Comment:

India: Tax authorities are investigating the exchange schemes and money-back offers made by color TV manufacturers & dealers

Taxes, Appliances, Radio & TV Whsle, Electrical Appliance, Television, and Radio Set Wholesalers, Electric equipment wholesalers, Article

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