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March 3, 1997updated 05 Sep 2016 12:34pm

INDIA CUTS TAXES ON SOFTWARE, COMPUTER PARTS

By CBR Staff Writer

The Indian government is at last really getting down to business, and on Friday proposed abolishing the import duty on software and slashing import tariffs on computer and electronic parts. The government also plans to cut to 10% from 20% the duty on integrated circuits, color tubes, cartridge tape drives, Digital Video Disk drives and computer parts other than populated printed circuit boards. It proposes cutting duty to 20% from 30% on on populated boards, and components used in telecommunication equipment, mobile telephones and radio pagers. The duty on telecommunications equipment to 30% from 40% if passed by parliament.

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