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LED/LCD TVs to be cheaper

LED/LCD TVs to be cheaper

NEW DELHI: The government has scrapped 5 per cent customs duty on imposed on import of open-cell TV panel, which is used in the manufacturing of LED and LCD televisions in a bid to boost domestic production. The move would also help to reduce the price of LED and LCD TVs.

In a notification, 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.

Topic: #fin min
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