The Supreme Court will soon have to toy over a rather complicated issue — whether Travel Ludo, Travel Chess & Draughts, Travel Snakes & Ladders and Junior Monopoly are toys, puzzles or games. The matter is serious business for toymaker Funskool India, which stands to lose money in the form of 16% ad valorem duty if the court decides they are games that involve a certain amount of competitive spirit or gambling. In case the court decides they are toys or puzzles, the company will not have to cough up any duty.
Source - http://economictimes.indiatimes.com
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