Government has removed 5% Basic Custom Duty (BCD) on open cell (15.6 inch and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels.
The government has removed BCD vide Notification No.30/2019-Customs dated 17.09.2019. The offer is valid till September 2020. It is expected that TV manufacturers may pass on the benefit to consumers leading to reduction of prices of TV.
As per Electronics Industry Associations, after imposition of BCD on open cells vide Customs Notification No.32/2018 dated 23.03.2018, the largest TV manufacturer in India had stopped its production activity and shifted the operations to Vietnam and started importing finished TVs under the ASEAN-India FTA.
There is a potential for growth of TV Industry in India especially from the manufacturing point of view, both to cater to the domestic market demand as well as exports. To promote domestic manufacturing of TVs, BCD@20% has been imposed on import of TVs in the country. The BCD levied on open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels has been reduced to Nil from 5% vide Notification No.30/2019 dated 17.09.2019, till September 2020.
BCD has also been exempted on following inputs to promote domestic manufacturing of open cells: Chip on Film; Printed Circuit Board Assembly (PCBA); and Cell (glass board/substrate).