Govt raises customs duty on certain components used in manufacturing open cell for LED/LCD TV panels

Customs duty of 5 per cent will be imposed from November 12 on the imports of components used in manufacturing of open cell for LED/LCD TV panels.

In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said 5 per cent duty would be levied on chip on film, printed circuit board assembly and cell (glass board/substrate) used in manufacture of open cell.