Government Scraps 5% Import Duty On Open Cell TV Panel
The move will help reduce the price of TV panels by around three percent.
In a bid to boost domestic manufacturing, the government has removed the 5 percent custom duty imposed on import of open cell television panel, which are used in the manufacturing of LED TVs.
The move will help reduce the price of TV panels by around three percent.
In a late night notification on Tuesday, the Ministry of Finance said "open cell, (15.6 inch and above), for use in the manufacture of Liquid Crystal Display and Light Emitting Diode TV panel", would attract nil duty.
Besides, the government has also waived custom duty on import of Chip on Film, Printed Circuit Board Assembly and Cell (glass board/ substrate), which are used to manufacture open cell TV panels.
Earlier, on June 30, 2017, the government had imposed a custom duty of 5 percent on import of such panel. Several TV makers including the Consumer Electronics and Appliances Manufacturers Association had opposed it and had requested the government to waive it.
Open cell panel is an important part of TV manufacturing and cover more than half cost of the unit.