Showing posts with label Publishing Industry. Show all posts
Showing posts with label Publishing Industry. Show all posts

July 9, 2019

Dear FM, Please remove customs duty on Imported Books

As a compulsive book-buyer and an avid book-collector, I strongly protest the imposition of customs duty on imported books. Earlier, it used to be Nil duty on imported books but now we have to pay five per cent. This is quite absurd and ruinous for those who love books and share knowledge. One of the greatest good that India's first Prime Minister Nehru did for our country (himself being a book-lover) was that he said NO to imposition of even Sales Tax on books. Because he felt knowledge should move seamlessly and cross borders and nobody should think twice about buying books. Books never attracted sales tax or any other indirect tax. If the NDA government thinks that books should also follow the MAKE IN INDIA doctrine, it is making a grave mistake with regard to knowledge acquisition in particular, and book-buying in general. As it is, most books now imprinted by global publishers like Random House, Hatchette and Bloomsbury follow the simple INR pricing model where global titles are assumed at a static foreign exchange conversion rate. This is because these publishers play on large volumes which ensure the absorption of royalty to foreign authors, a higher currency rate etc. Imposing customs duty and getting GST through the backdoor on imported books will eventually hit Indian publishing industry growing at 30 per cent annually and is the second-largest in English-speaking world. Publishers like Pearson, Cambridge, Oxford etc have so many reciprocal arrangements with concessional pricing in South East Asia with India as a major hub - now a lot of that trade will shift out of India. That makes educational books a tad costlier for Indian students as well. Only an uninformed and short-sighted policy maker will take such an extreme step of bringing books under customs duty and nipping a booming book trade in the bud  - at a time when paper costs are high and digital trends are disrupting many publishers out of business. Getting customs duty on books is also a gross violation of a constitutional commitment that Jawahar Lal Nehru made  - never to tax books. You can tax imported items like Gold, liquor, cigars and cigarettes, even petrol and diesel, but please do not tax books and get GST through the backdoor. Start thinking like a knowledge-worker and do what it takes to create a knowledge-economy. Otherwise we will only be reading the glorious books of the past and history books. By the time you read this post, there will be a knowledge-intensive imported book that is waiting to be opened in the container ship in India or so many new imported books just released for purchase on Amazon.

 #CustomsDutyonImportedBooks #ImportDutyOnBooks #GSTonBooks #NehruVsModi #KnowledgeSociety #KnowledgeEconomy #IndianPublishing

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