rahul1117kumar
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The government has slashed the duty on a key component of TV panel to 5% from 10% at present, giving relief to companies. TV makers said the move will drive in affordability and lead to creation of manufacturing jobs.
The 10% duty had been imposed on ‘open cell’, the most critical part in a TV panel, in the Union Budget, which had prompted companies to look for a 5-6% increase in retail price. Also, they had complained that the measure would impact job creation as import of fully-built TVs would become more lucrative than making them in India. TOI had highlighted the problems faced by TV companies in a report carried in the March 17 edition.
Boost for 'Make in India': Govt halves import duty on TV panel part to 5% - Times of India
The 10% duty had been imposed on ‘open cell’, the most critical part in a TV panel, in the Union Budget, which had prompted companies to look for a 5-6% increase in retail price. Also, they had complained that the measure would impact job creation as import of fully-built TVs would become more lucrative than making them in India. TOI had highlighted the problems faced by TV companies in a report carried in the March 17 edition.
Boost for 'Make in India': Govt halves import duty on TV panel part to 5% - Times of India
