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5% customs duty imposed on parts used in LCD, LED panels

The government recently categorised TVs as a restricted item for the purpose of imports and have now imposed the customs duty on the parts

Topics
Customs duty | manufacturing

Indivjal Dhasmana  |  New Delhi 

tv viewership, TRP, television, channels, media, entertainment, remote, OTT
These parts comprise chip on film, printed circuit board assembly and cell

The government has imposed a five per cent on specified products used in LCD and LED television panels to boost their domestic

These parts comprise chip on film, printed circuit board assembly and cell (glass board/substrate).

Abhishek Jain, partner at EY, said the government recently categorised TVs as a restricted item for imports and it has now imposed on the parts, clearly conveying its intention that the value addition in respect of LED/LCD should be centred in India.

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First Published: Wed, November 11 2020. 22:20 IST
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