MUMBAI: The ministry of information and broadcasting has approached the ministry of finance for lowering custom tariffs on the import of jumbo rolls.
Cameras for shooting, sound equipment and film rolls are part of the imports by the film industry. To understand the initiatives needed for further growth of the film industry, the ministry had constituted five core groups to look into different aspects including taxation and duties. The reports of these groups are currently under examination in the ministry.
As per FICCI – PriceWaterhouseCoopers reports released in 2006, the key reasons behind low box office collections are low admission prices, low occupancy levels in theatres, low capital/investment level in the number of film prints and ineffective marketing.
