New Delhi: In a bid to boost domestic manufacturing, the government has removed 5 per cent custom duty imposed on import of open cell TV panel, which are used in the manufacturing of LED TVs.
The move would also help to reduce the price of TV panel by around three per cent.
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 (LCD) and Light Emitting Diode (LED) TV panel”, would attract nil duty.
Besides, the government has also waived custom duty on import of Chip on Film, Printed Circuit Board Assembly (PCBA) 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 per cent 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. (PTI)
Not disappointed at not getting to act in more Hindi films: Shruti Haasan
NCB arrests TV actress for procuring drugs in Mumbai
Mumbai man posed as film star to lure minors online, sold child porn to international ‘clients’: CBI
Nawazuddin Siddiqui on playing different shades of lower middle class men: It makes me feel rich
‘Dilwale Dulhania Le Jayenge’ is timeless: Kajol on film’s 25th anniversary
© 2020 State Times Daily Newspaper