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International IBF seeks removal of service tax on broadcast services

IBF seeks removal of service tax on broadcast services

Author | NULL | Monday, Jan 01,1900 9:00 AM

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IBF seeks removal of service tax on broadcast services

The Indian Broadcasting Foundation (IBF) has sought removal of service tax on broadcast services and also asked for a reduction in custom duty on broadcasting hardware in the 2002-03 budget.

In its pre-budget recommendations, IBF said there was a need for substantially reducing, or bringing down to zero, the import duty on equipment imported for setting up earth-stations, content creation facilities and television studios.

IBF sought exemption for payment of custom duty on digital video camcorders and accessories, digital video tape recorders, broadcast quality digital video monitors and tapes and integrated receiver decoders.

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