In a bid to boost domestic manufacturing, the government has removed five 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 notification, Finance Ministry 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 and Cell (glass board or substrate) which are used to manufacture open cell TV panels. On June 2017, the government had imposed a custom duty of five per cent on import of such panel.
Several TV makers including the Consumer Electronics and Appliances Manufacturers Association 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.
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