The Government has removed five per cent customs duty imposed on import of open-cell TV panel, which is used in the manufacturing of LED TVs. The move would also help to reduce the price of TV panel by around three per cent.
On Tuesday, the Ministry of Finance said “open cell, (15.6 inches and above), for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panel would attract nil duty”. 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.
On June 30, 2017, the government had imposed a customs 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. The open-cell panel is an important part of TV manufacturing and covers more than half the cost of the unit.