The government has halved customs duty on open cell, used in the manufacturing of LCD and LED television panels to 5%. This is done with a view to boost domestic manufacturing.

The Central Board of Excise and Customs (CBEC) in a notification stated, “Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels, would attract 5% customs duty.”

Furthermore, MS Mani, Senior Director at Deloitte India stated, “The customs duty of 5% on open cells used in the manufacturing of LCD panels is lower than other items mentioned is Chapter 8529, this could ostensibly be to encourage manufacturing of such panels in India. Other items in the same chapter are either taxed at 7.5% or 10%.”

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