BusinessLED/LCD Televisions Likely To Get Cheaper As Government Scraps Import Duty
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LED/LCD Televisions Likely To Get Cheaper As Government Scraps Import Duty
Government scrapped 5% import duty on import of open cell TV panel
Open cell panel is an important part of TV manufacturing
In June 2017, government had imposed a custom duty of 5%
LED - LCD TV Rates: The move would also help to reduce the price of LED and LCD TVs.
The government on Tuesday scrapped 5 per cent customs duty on imposed on import of open cell TV panel, which are used in the manufacturing of LED and LCD televisions in a bid to boost domestic manufacturing. The move would also help to reduce the price of LED and LCD TVs. The move to scrap the tax on open cell panels is a step in the right direction, said Vikas Agarwal, the India head of OnePlus, a Chinese firm known for high-end And...