Comments on: Are Music Shops Ripping Us Off? http://www.boycevoice.com/blog/2008/04/10/are-music-shops-ripping-us-off/ Peter Boyce of MADD Entertainment gives you a comical view of the serious business of entertainment in Barbados and the wider Caribbean. Fri, 21 Nov 2008 18:37:37 +0000 http://wordpress.org/?v=2.5.1 By: kidsite http://www.boycevoice.com/blog/2008/04/10/are-music-shops-ripping-us-off/#comment-1938 kidsite Fri, 11 Apr 2008 16:12:40 +0000 http://www.boycevoice.com/blog/2008/04/10/are-music-shops-ripping-us-off/#comment-1938 Interesting...very interesting. I always wonder how music retail stores SURVIVE with the high retail costs generated by the customs import duty as mentioned by Asiba. Now the reality is the demand does not equate with the supply. The demand is around $20-$30 that people would pay and the retail costs/supply is around $45.00. Pirates selling the other genres(dancehall reggae/oldie goldies/rap/hip hop) in town for 10BDS-20BDS and worldwide is 10US or even 5US. Now thats why I would buy a seperate computer and a seperate printer to burn/label my own music I paid to produce...then sell them to the public from myself personally for $25 and go to CRS for distribution outside Barbados and maybe to the local music stores. Interesting…very interesting. I always wonder how music retail stores SURVIVE with the high retail costs generated by the customs import duty as mentioned by Asiba.

Now the reality is the demand does not equate with the supply. The demand is around $20-$30 that people would pay and the retail costs/supply is around $45.00. Pirates selling the other genres(dancehall reggae/oldie goldies/rap/hip hop) in town for 10BDS-20BDS and worldwide is 10US or even 5US.

Now thats why I would buy a seperate computer and a seperate printer to burn/label my own music I paid to produce…then sell them to the public from myself personally for $25 and go to CRS for distribution outside Barbados and maybe to the local music stores.

]]> By: asiba-the buffalo soldier http://www.boycevoice.com/blog/2008/04/10/are-music-shops-ripping-us-off/#comment-1931 asiba-the buffalo soldier Thu, 10 Apr 2008 23:55:35 +0000 http://www.boycevoice.com/blog/2008/04/10/are-music-shops-ripping-us-off/#comment-1931 compact disk The customs tariff classification: 8524.99.10 IMPORTED CDs customs import duty: 45% environmental : levy 2 % vat 15% Imported CD COST $ 100.00------DUTY 45.00 E. LEVY 2.00 VAT=15% of the sum of the above: 100 45 2 - -------- $ 147.00 15% of 147 = 22.05 you pay 45 +2+22.05= $ 69.05 a little complicated but you pay 69.05 to the goverment on CDS costing 100.00 so for every $100 -you pay $69.00 i am charging $ 700.00 for this lesson compact disk

The customs tariff
classification: 8524.99.10
IMPORTED CDs
customs import duty: 45%
environmental : levy 2 %
vat 15%

Imported CD COST $ 100.00——DUTY 45.00
E. LEVY 2.00
VAT=15% of the sum of the above: 100
45
2
- ——–
$ 147.00
15% of 147 = 22.05

you pay 45 +2+22.05= $ 69.05

a little complicated but you pay 69.05 to the goverment on CDS costing 100.00
so for every $100 -you pay $69.00

i am charging $ 700.00 for this lesson

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