Media365
During her speech at Parliament, Finance Minister Nirmala Sitharaman said the customs duty on interactive and flat panel displays will jump from 10 per cent to 20 per cent.
According to the minister, the increased customs duty will “rectify the inverted duty structure” in alignment with the government’s Make in India policy. In other words, the hiked customs duty will discourage the use of imported panels and encourage local manufacturing of television panels.
The new regime for BCD (Basic Customs Duty) will also cause the price of TVs that use imported panels to go up significantly.
