ANNOUNCEMENT 11 Nov 2020
India has reduced the import duty on parts used to manufacture open cells for LEDs and LCDs.
NUMBER OF INTERVENTIONS
Notification No. 42/2020-Customs
On 11 November 2020, the Indian Ministry of Finance through Notification No. 42/2020-Customs imposed a 5% import duty on the following goods used in the manufacture of Open Cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels -
The Notification is effective from 12 November 2020.
The import duty on these goods was reduced earlier on 17 September 2019 (See related State Act).