Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

LED, LCD Televisions May Get Cheaper As Govt Scraps 5% Import Duty

The removal of five per cent custom duty would also help to reduce the price of TV panel by around three per cent.


Updated:September 18, 2019, 2:18 PM IST
LED, LCD Televisions May Get Cheaper As Govt Scraps 5% Import Duty
Representative image

New Delhi: In a bid to boost domestic manufacturing, the government has removed 5 per cent custom duty imposed on import of open cell TV panel, which are used in the manufacturing of LED TVs.

The move would also help to reduce the price of TV panel by around three per cent.

In a late night notification on Tuesday, 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.

Earlier, on June 30, 2017, the government had imposed a custom duty of 5 per cent on import of such panel.

Several TV makers including the Consumer Electronics and Appliances Manufacturers Association had opposed it and had requested the government to waive it.

Open cell panel is an important part of TV manufacturing and cover more than half cost of the unit.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
IRCTC 697.35 117.92
Infosys 791.55 -2.85
Indiabulls Hsg 206.00 -1.86
Tata Motors 127.75 5.32
TCS 2,020.45 1.69
Company Price Change %Gain
IRCTC 696.80 117.75
Indiabulls Hsg 206.80 -1.50
CRISIL 1,296.15 -0.05
Yes Bank 39.20 -1.01
RBL Bank 265.80 -0.36
Top Gainers
Company Price Change %Gain
Tata Motors 127.75 5.32
ONGC 133.40 3.41
Tata Steel 348.70 2.86
JSW Steel 222.95 2.62
Vedanta 150.80 2.55
Company Price Change %Gain
Tata Motors 127.70 5.23
ONGC 133.45 3.37
Tata Steel 348.70 2.74
Vedanta 150.80 2.62
IndusInd Bank 1,251.00 2.27
Top Losers
Company Price Change %Gain
Infosys 791.55 -2.85
Cipla 434.05 -1.65
Yes Bank 39.20 -1.01
Bajaj Finance 3,927.05 -1.16
Power Grid Corp 199.40 -0.80
Company Price Change %Gain
Infosys 791.50 -2.97
Bajaj Finance 3,928.00 -1.20
Yes Bank 39.20 -1.01
Power Grid Corp 199.40 -0.80

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results