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Industry reacts positively towards duty reduction on LED TV panel

March 29, 2018018 Share on Facebook Tweet on Twitter The halving of import duty on a key component of TV panel to up to 5 percent came as a big relief for the manufacturers. Industry players believe

In the Union Budget 2018, finance minister Arun Jaitely imposed 10 percent duty on imported open cell TV panel. Because of sudden hike in import duty from 0 to 10 percent, companies like Samsung and Pansonic hiked prices of TV by up to 6 percent. But  with the recent cut down in import duty open cell from 10 percent to 5 percent has given a new lease of life to the TV makers. The industry welcomed this decision of the government with open arms and hoping that this move will give a boost to ‘Make in India’ initiative of the government and will also encourage affordability of TV. 

To take the insight of the industry we reached out to some leading LED TV makers and asked them to share their thoughts in this regard, please visit: http://www.electronicsb2b.com/industry-buzz/industry-reacts-positively-towards-duty-reduction-led-tv-panel/