panditji
Well-Known Member
How co.e Chord DACs are sold at UK prices and sometimes even less?? What is the market for high end DACs by volume but the prices are extremely competitive and therefore I doubt anyone buys Chord DACs from abroad...
How co.e Chord DACs are sold at UK prices and sometimes even less?? What is the market for high end DACs by volume but the prices are extremely competitive and therefore I doubt anyone buys Chord DACs from abroad...
That is also very correct sir
It's almost at par with USA prices.
My post on the thread agrees with the high pricing but the chord dac example you gave sold by headphone zone absolutely makes us think twice
The distributors cost after import duties is almost 40 percent of the mrp .. so something costing 40k is sold for 1 lakh.. if they reduce the price to 70k which is the normal price worldwide, they will be able to sell more , rotate the stock quickly, get more people to buy, increase the market size and make more profits and thereby get an even better price from the manufacturer... Music is in our genes and there are 1.35 billion people waiting to be exploited...Obviously if the manufacturers want to take a cut in profit while selling in india, this is possible.
The distributors cost after import duties is almost 40 percent of the mrp .. so something costing 40k is sold for 1 lakh.. if they reduce the price to 70k which is the normal price worldwide, they will be able to sell more , rotate the stock quickly, get more people to buy, increase the market size and make more profits and thereby get an even better price from the manufacturer... Music is in our genes and there are 1.35 billion people waiting to be exploited...
Same headphonezone sells schiit also. Why doesnt it have same pricing in india as in US ? Same goes for many products on headphonezone. Only chord product prices can be conpared why not all others? No one is saint here. Its a mixup of distributors importers and manufacturers.
Schiit sells factory direct in the US - which means there is no dealer / distributor margin in the US price. The Indian price is around a 40% markup over that - similar to customs + gst. No idea about the other brands they sell.
In our country the basic mentality is to juice people in the name of taxes & duties. This high rate of customs duties often lead to corruption. If duties are levied sensibly then I am sure people would pay willingly thereby reducing corruption. If you bring in any high value electronic item from abroad, you are made to feel as if it is a crime although you have bought it from your hard earned money.
A duty of 20 to 25% is understandable but 40 to 50 % is outright ridiculous.
I think duty is around 30% if you hand carry the product. But if you get it shipped, shipping cost is also added to invoice value and then charged at 30% duty. Its a price that needs to be paid because our country is still a developing one and govt thinks that these kind of hifi products are a luxury instead of necessity and so be taxed higher and expect the people who buy them rich enough to pay for their luxuries. Its fair enough given that india's net avg income is 10000 rs per month per person. To develop we need to import less and export more, if all taxes are abolished do you think we can ever achive it. Btw economy is already in doldrums these days and worse days to come.
I think duty is around 30% if you hand carry the product. But if you get it shipped, shipping cost is also added to invoice value and then charged at 30% duty. Its a price that needs to be paid because our country is still a developing one and govt thinks that these kind of hifi products are a luxury instead of necessity and so be taxed higher and expect the people who buy them rich enough to pay for their luxuries. Its fair enough given that india's net avg income is 10000 rs per month per person. To develop we need to import less and export more, if all taxes are abolished do you think we can ever achive it. Btw economy is already in doldrums these days and worse days to come.
That self explains all. So if we agree schiit cannot be sold at US price in india whatever the reason, then why question other comapnies price? Everyone in the chain need to earn money, its as simple as that.
can you give some rough numbers - I may be able to explain the gapI think the reason is very important here like it is in all discussions.. It's the very reason that volume levelling is done to check an amplifier or a DAC or a speaker.. If HeadphoneZone can sell at same rates as in the UK (the country of origin), then so can others.. How is it possible that I imported a pair of Tannoy Prestige GR speakers with shipping by air and get a product at 60% of Indian distributor MRP after paying customs, shipping by FEDEX for 1 pair and agent fees.. And this is when the distributor and retailer of the country of import both made their money.. And this is when I paid customs duty on a higher price than the Indian distributor who pays customs on distributor price... So lets not blame cheap Indians or high taxes as customs duties around the world are similar... The distributor needs to be blamed for not being able to price the product right in a price sensitive economy..
I think the reason is very important here like it is in all discussions.. It's the very reason that volume levelling is done to check an amplifier or a DAC or a speaker.. If HeadphoneZone can sell at same rates as in the UK (the country of origin), then so can others.. How is it possible that I imported a pair of Tannoy Prestige GR speakers with shipping by air and get a product at 60% of Indian distributor MRP after paying customs, shipping by FEDEX for 1 pair and agent fees.. And this is when the distributor and retailer of the country of import both made their money.. And this is when I paid customs duty on a higher price than the Indian distributor who pays customs on distributor price... So lets not blame cheap Indians or high taxes as customs duties around the world are similar... The distributor needs to be blamed for not being able to price the product right in a price sensitive economy..
I think the reason is very important here like it is in all discussions.. It's the very reason that volume levelling is done to check an amplifier or a DAC or a speaker.. If HeadphoneZone can sell at same rates as in the UK (the country of origin), then so can others.. How is it possible that I imported a pair of Tannoy Prestige GR speakers with shipping by air and get a product at 60% of Indian distributor MRP after paying customs, shipping by FEDEX for 1 pair and agent fees.. And this is when the distributor and retailer of the country of import both made their money.. And this is when I paid customs duty on a higher price than the Indian distributor who pays customs on distributor price... So lets not blame cheap Indians or high taxes as customs duties around the world are similar... The distributor needs to be blamed for not being able to price the product right in a price sensitive economy..
Its also about the perception management, we think brands made in India do not last, have inferior quality, or inferior support. If this has to change the manufacturers have to provide world class quality and services. We are cost conscious because things can get expensive, even if locally produced.
I often see a complete lack of innovation in local brand products, they get complacent once some sales kick in thats just my experience ofcourse and I hope to be wrong here.
And finally where do we draw the line between want and need? As a society/civilization if we are stuck in things that we just need then I guess we do not need almost everything beyond the basic necessities to survive.