The import duty was introduced to prop up the declining rupee, fell as much as two per cent on Thursday to 65.56 to the dollar, before recovering losses to close at 64.55.
"Since the INR has been consistently and steeply falling in the last few months, there is definitely a drop in demand from Indian consumers who wish to carry goods back home. This is a temporary phase and this demand will bounce back,"
He said the import duty on TVs will result in at least a 50 per cent sales drop from Indian tourists buying hand-carried TVs to take to
"Therefore we expect a net impact of 7 to 10 per cent sales drop due to [this]," Khanna said.
He said the impact will mostly be on sizes between 32 and 40-inches.
Ashish Panjabi, COO of Jacky's, said he too expects a 20 per cent drop in sales of LCD units.
Indian tourists would come to
Around "20,000 TV sets" a month are transferred by travellers from the
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