Couple of days ago, IT Ministry proposed zero customs tariff rates, in the 2008-09 budget to grow the industry and make e-governance efficient and cost-effective.
It will not only encourage the I.T. companies for research and development that use several devices to accomplish their tasks but also help the universities and other educational institutes to promote the paperless environment and automation.
Following are the items for which current (2007-08) rates of customs duty are given, while proposed rate for 2008-09 for all items is zero percent.
After the proposed change the additional machinery and equipment used by call centre/BPO industry would become totally exempt from sales tax and chargeable to reduced rate of 5 percent customs duty.
Source: Business Recorder
It will not only encourage the I.T. companies for research and development that use several devices to accomplish their tasks but also help the universities and other educational institutes to promote the paperless environment and automation.
Following are the items for which current (2007-08) rates of customs duty are given, while proposed rate for 2008-09 for all items is zero percent.
| Modems | 5% | Battery Chargers | 10% |
| ISDN System | 5% | Telephones | 5% |
| MMC & SD Cards | 5% | Multimedia Projector | 5% |
| LCD Monitors | 25% | Bluetooth devices | 5% |
| SIM Cards | 5% | Discs | 5% |
| Bank coins, cards | 20% | Multimedia devices | 5% |
After the proposed change the additional machinery and equipment used by call centre/BPO industry would become totally exempt from sales tax and chargeable to reduced rate of 5 percent customs duty.
Source: Business Recorder
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