SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 15 Sep, 2020  

Tv.Thmb.jpg ICEA seeks extension of zero import duty on open cell TV panels

Tv.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 15 Sep, 2020
The Indian Cellular and Electronics Association (ICEA) has sought extension of the zero import duty on open cell television panels beyond September 2019.

In a letter to Revenue Secretary Ajay Bhushan Pandey, the ICEA said that the reduction of custom duty on open cell from 5 per cent to zero per cent till September 2020 has given a huge fillip to domestic manufacturing of LED televisions and led to reduction in imports from ASEAN countries.

It has sought an extension on the zero duty on open cell imports for three years.

Citing the Ministry of Electronics and IT's recent proposal to to impose duty of 5 per cent on open cell panels and bring pure cell to zero per cent in a bid to encourage the process of polariser film and COF bonding for open cell, the industry body said that it is concerned about its implementation as the anomaly in differentiation of open cell with bonding and open cell without bonding -- pure cell -- still remains a challenge.

The industry body, representing LG, Xiaomi and Micromax among others, warned of the growth of the grey market if the proposal is put into effect.

"If the duty on open cell is not extended beyond September 2020, it will again lead to high imports of LED TVs under FTA, a huge blow to the Make in India programme of the Government of India. It will have an adverse impact on the Indian domestic manufacturers and the EMS companies," the letter by ICEA Chairman Pankaj Mohindroo said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter