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