NEW DELHI | KOLKATA: The Indian arm of Japanese consumer electronics giant Sony Corp has paid up about Rs 485 crore in duties for allegedly violating a free-trade pact by declaring semiknocked-down television<\/a> sets imported into the country as components. 新德里|加尔各答:印度的日本消费电子巨头索尼公司已经支付了大约485卢比的职责通过声明semiknocked-down涉嫌违反了自由贸易协定电视集导入到国家组件。
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\n“The company has paid full duty with interest,” said a person privy to the development.
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The Directorate of Revenue Intelligence had served Sony India<\/a> a show-cause notice for alleged violation of the preferential duty regime under the India-Asean free-trade agreement while importing televisions in semi-knocked-down condition from Malaysia. DRI<\/a> also passed strictures on the role played by senior company executives in the matter. Sony, however, insisted it had not violated any regulatory framework.
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\n![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Sony, the maker of Bravia TVs, is the third-biggest company in India’s flat-panel television market, behind South Korean rivals Samsung Electronics and LG.
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\nThe Japanese company had an 18% market share by volume in the December 2015-January 2016 period compared with Samsung’s 27%. Sony India said it has always been committed to complying with the legal and regulatory framework.
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\n“The company believes that the employees have not acted in any manner which are against the regulatory framework. While the matter relates to the interpretation of the terms of the agreement under the Asean India FTA, we are in communication with the authorities. Therefore, the current matter in our view, should not impact Sony India’s future business strategies and plans,” the company said. Investigations in the case started in 2015, after which the company stopped taking the benefit of concessional customs duty under the pact.
\n
\nAbuse of free-trade agreements, especially the rules-of-origin certificates from another country, has been in focus for some time. Several pacts have been used for routing third-country goods to take advantage of the concessional duty regime, hurting the government’s drive to revive manufacturing through the ‘Make in India’ programme.
\n
\nThe free-trade pact between India and the Association of South East Asian Nations allows for the import of goods at concessional customs duty rate from member countries if there is a mandatory 35% value addition, without which India can deny the duty benefits. Asean member-countries include Singapore, Malaysia, Indonesia, Thailand and the Philippines.
\n
\nDRI questioned the premise of 35% value addition in Malaysia, which Sony had shown as the country of origin. The investigative agency relied on internal email exchanges between executives of the company’s entities in various locations, including the headquarters in Tokyo, to level the charges.
\n
\nUnder the agreement, LCD or LED panels, which constitute 80% of the cost of a TV set, attract zero duty while other parts attract 4% import duty. The customs duty on colour television sets is 10%. Sony’s Indian unit expanded its business 10% with revenue at Rs 11,010 crore in 2014-15, according to its annual return filed with the Registrar of Companies. Televisions and smartphones contributed about 40% each to revenue.
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\nThe company said in 2015 that it had entered into an agreement to manufacture its Bravia line of televisions at Taiwanese contract manufacturer Foxconn’s plant near Chennai.\n\n<\/p><\/body>","next_sibling":[{"msid":52631522,"title":"Paytm banks on Rs 600 crore ad campaign to get word around","entity_type":"ARTICLE","link":"\/news\/paytm-banks-on-rs-600-crore-ad-campaign-to-get-word-around\/52631522","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":52631164,"entity_type":"ARTICLE","title":"Sony India pays Rs 485 crore in duties for violating a free-trade pact","synopsis":"Sony allegedly violating a free-trade pact by declaring semiknocked-down television sets imported into the country as components.","titleseo":"telecomnews\/sony-india-pays-rs-485-crore-in-duties-for-violating-a-free-trade-pact","status":"ACTIVE","authors":[{"author_name":"Deepshikha Sikarwar","author_link":"\/author\/19483\/deepshikha-sikarwar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19483.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":19483,"author_name":"Deepshikha Sikarwar","author_seo_name":"deepshikha-sikarwar","designation":"Editor","agency":false}},{"author_name":"Writankar Mukherjee","author_link":"\/author\/8447\/writankar-mukherjee","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/8447.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":8447,"author_name":"Writankar Mukherjee","author_seo_name":"writankar-mukherjee","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-06-07 10:12:12","lastupd":"2016-06-07 10:13:19","breadcrumbTags":["Television","Japan","DRI","Sony India","Devices"],"secinfo":{"seolocation":"telecomnews\/sony-india-pays-rs-485-crore-in-duties-for-violating-a-free-trade-pact"}}" data-authors="[" deepshikha sikarwar","writankar mukherjee"]" data-category-name="" data-category_id="" data-date="2016-06-07" data-index="article_1">
”该公司支付税款和利息,“说一个人的发展。
该部门的收入情报曾索尼印度说出理由通知涉嫌违反-东盟自由贸易协定下的关税优惠制度虽然从马来西亚进口电视semi-knocked-down状态。DRI也通过了限制公司高管所扮演的角色。然而,索尼坚称没有违反任何监管框架。
索尼Bravia电视制造商,在印度平板电视市场的第三大公司,在韩国竞争对手三星电子和LG。
体积的日本公司有18%的市场份额在2015年12月- 2016年1月期间与三星的27%。索尼表示,印度一直致力于遵守法律和监管框架。
“该公司认为员工没有采取任何方式对监管框架。虽然此事与协议条款的解释在东盟印度自由贸易协定下,我们在与政府的沟通。因此,当前的问题在我们看来,不应该影响索尼印度未来的业务策略和计划,”该公司表示。调查开始于2015年,该公司停止服用后下优惠关税协定的好处。
滥用自由贸易协定,特别是原产地规则证书来自另一个国家,一直在关注一段时间了。有几个协议路由第三国商品利用优惠关税制度,损害政府重振制造业通过在印度的计划。
之间的自由贸易协定,印度和东南亚国家联盟允许进口商品优惠关税税率从成员国如果有强制值增加35%,而印度能否认责任利益。东盟国还包括新加坡、马来西亚、印尼、泰国和菲律宾。
DRI质疑在马来西亚35%增加价值的前提下,索尼所显示原产国。调查机构依赖于公司内部高管之间的电子邮件交流的实体在不同的地点,包括总部在东京,水平的指控。
根据协议,LCD或LED面板,构成一台电视机的成本的80%,吸引零责任而吸引其他地区4%的进口关税。彩色电视机的关税是10%。索尼的印度单位扩大其业务10%营收在2014 - 15 11010卢比,根据年度返回向公司的注册。电视和智能手机约占收入的40%。
在2015年该公司表示,它已经进入一个协议制造Bravia电视线在钦奈附近的台湾合同制造商富士康的工厂。
NEW DELHI | KOLKATA: The Indian arm of Japanese consumer electronics giant Sony Corp has paid up about Rs 485 crore in duties for allegedly violating a free-trade pact by declaring semiknocked-down television<\/a> sets imported into the country as components.
\n
\n“The company has paid full duty with interest,” said a person privy to the development.
\n
The Directorate of Revenue Intelligence had served Sony India<\/a> a show-cause notice for alleged violation of the preferential duty regime under the India-Asean free-trade agreement while importing televisions in semi-knocked-down condition from Malaysia. DRI<\/a> also passed strictures on the role played by senior company executives in the matter. Sony, however, insisted it had not violated any regulatory framework.
\n
\n Sony, the maker of Bravia TVs, is the third-biggest company in India’s flat-panel television market, behind South Korean rivals Samsung Electronics and LG.
\n
\nThe Japanese company had an 18% market share by volume in the December 2015-January 2016 period compared with Samsung’s 27%. Sony India said it has always been committed to complying with the legal and regulatory framework.
\n
\n“The company believes that the employees have not acted in any manner which are against the regulatory framework. While the matter relates to the interpretation of the terms of the agreement under the Asean India FTA, we are in communication with the authorities. Therefore, the current matter in our view, should not impact Sony India’s future business strategies and plans,” the company said. Investigations in the case started in 2015, after which the company stopped taking the benefit of concessional customs duty under the pact.
\n
\nAbuse of free-trade agreements, especially the rules-of-origin certificates from another country, has been in focus for some time. Several pacts have been used for routing third-country goods to take advantage of the concessional duty regime, hurting the government’s drive to revive manufacturing through the ‘Make in India’ programme.
\n
\nThe free-trade pact between India and the Association of South East Asian Nations allows for the import of goods at concessional customs duty rate from member countries if there is a mandatory 35% value addition, without which India can deny the duty benefits. Asean member-countries include Singapore, Malaysia, Indonesia, Thailand and the Philippines.
\n
\nDRI questioned the premise of 35% value addition in Malaysia, which Sony had shown as the country of origin. The investigative agency relied on internal email exchanges between executives of the company’s entities in various locations, including the headquarters in Tokyo, to level the charges.
\n
\nUnder the agreement, LCD or LED panels, which constitute 80% of the cost of a TV set, attract zero duty while other parts attract 4% import duty. The customs duty on colour television sets is 10%. Sony’s Indian unit expanded its business 10% with revenue at Rs 11,010 crore in 2014-15, according to its annual return filed with the Registrar of Companies. Televisions and smartphones contributed about 40% each to revenue.
\n
\nThe company said in 2015 that it had entered into an agreement to manufacture its Bravia line of televisions at Taiwanese contract manufacturer Foxconn’s plant near Chennai.\n\n<\/p><\/body>","next_sibling":[{"msid":52631522,"title":"Paytm banks on Rs 600 crore ad campaign to get word around","entity_type":"ARTICLE","link":"\/news\/paytm-banks-on-rs-600-crore-ad-campaign-to-get-word-around\/52631522","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":52631164,"entity_type":"ARTICLE","title":"Sony India pays Rs 485 crore in duties for violating a free-trade pact","synopsis":"Sony allegedly violating a free-trade pact by declaring semiknocked-down television sets imported into the country as components.","titleseo":"telecomnews\/sony-india-pays-rs-485-crore-in-duties-for-violating-a-free-trade-pact","status":"ACTIVE","authors":[{"author_name":"Deepshikha Sikarwar","author_link":"\/author\/19483\/deepshikha-sikarwar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19483.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":19483,"author_name":"Deepshikha Sikarwar","author_seo_name":"deepshikha-sikarwar","designation":"Editor","agency":false}},{"author_name":"Writankar Mukherjee","author_link":"\/author\/8447\/writankar-mukherjee","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/8447.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":8447,"author_name":"Writankar Mukherjee","author_seo_name":"writankar-mukherjee","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-06-07 10:12:12","lastupd":"2016-06-07 10:13:19","breadcrumbTags":["Television","Japan","DRI","Sony India","Devices"],"secinfo":{"seolocation":"telecomnews\/sony-india-pays-rs-485-crore-in-duties-for-violating-a-free-trade-pact"}}" data-news_link="//www.iser-br.com/news/sony-india-pays-rs-485-crore-in-duties-for-violating-a-free-trade-pact/52631164">
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