5 pc import duty on key component used in TV manufacturing from Oct 1

5 pc import duty on key component used in TV manufacturing from Oct 1

Zee Business

Customs duty of 5 per cent has been imposed on import of a key component used in manufacturing of LED/LCD TVs from October 1, a government notification said on Wednesday.

The government had last year exempted customs duty on open cells for a year till September 30 as the domestic industry had sought time to build capacity.

The finance ministry, through a notification on Wednesday, prescribed 5 per cent customs duty on open cells for LED/LCD TV panels.

EY Tax Partner Abhishek Jain said this levy seems to aim at fostering domestic manufacturing of open cells for televisions in India.

Disclaimer: This is an automatically aggregated article/story by a computer program and has not been created or edited by Newsdig.in.

World COVID19 Meter

42813563

Cases

30982797

Recovered

1150194

Deaths
Last updated: GMT
Advt
Advt
Advt
sitemap Disclaimer
Newsdig.in 2019