TV sales in Qatar dip by 75 % due to curbs on Indian import

Image
Press Trust of India Dubai
Last Updated : Sep 10 2013 | 1:56 PM IST
India's decision last month to impose import duty on flat television panels, one of the measures the government adopted to arrest the steep fall of rupee, has led to a sharp decline in the number of Indians in Qatar carrying TV sets home, according to a report.
As India has been discouraging people from importing goods, especially gold and TV sets, to control capital outflows, this has had a bearing on the businesses of local suppliers in faraway Qatar, the Peninsula said.
"We have noticed a steep fall in the number of Indians travelling home with flat screen TVs, due to the recent customs levy on TV imports," Country Manager-Qatar, Jet Airways, Anil Srinivasan, was quoted by the newspaper as saying.
According to Srinivasan, the number has declined by 75 per cent after India placed a ban on their duty-free imports.
A similar trend has been reported from the UAE in recent weeks. It was reported last month that the Indian government's decision to impose customs duty on flat television panels was likely to have an impact in the UAE with the electronics retailers bracing for a 20 per cent decline in sales.
According to official estimates, more than one million television sets were imported to India last year, with UAE, Thailand, Singapore, Qatar and other Gulf states as the primary source destinations.
"Sales have gone down by 20 to 25 per cent. Some, who bought the products earlier, even came to return them after learning about the recently announced 35 per cent custom duties," Shaijan M O, LuLu Regional Manager-Qatar, said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 10 2013 | 1:56 PM IST

Next Story