5 percent tariffs will be imposed effective November 12th on imports of components used in manufacturing open cell LED / LCD TV panels
In a notice, the Central Board of Indirect Taxes and Customs (CBIC) said that a 5 percent fee will be charged for the wafer on the film and assembly of the printed circuit board and the cell (glass plate / substrate) used in the manufacture of the open cell
EY tax partner Abhishek Jain said the government had recently classified televisions as a banned item for import purposes in India and added that it has now increased tariffs on specific components used in the manufacture of open cells used in LED / LCD TV panels from nothing to 5 percent
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Customs, Duties and Government
World News – Australia – The government raises customs duties on some components used in the manufacture of open cell
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– The government increases tariffs on Some of the components used to manufacture the open cell
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