According to ET’s report, the reduction in customs duty on open cell components can reduce the price of TVs by about 5 percent. Explain that the share of open cell panel in making an LED is about 60-70 percent. As it is known that for most smart TVs made in the country, open cell panels are imported from other countries. In such a situation, the cost of LED TV will decrease due to reduction in customs duty. According to the announcement of the Finance Minister, locally made TVs can be cheaper by about three thousand rupees. Apart from TVs, customs duty has also been cut on goods like lithium-ion batteries, camera lenses. In such a situation, a decrease is being seen in the price of these goods.
How often did duty change on TV open sale
First of all, in the year 2019, the duty on open sale was abolished. After this, in the year 2020, duty was again imposed on open TV sale, which has now been reduced by 2.5 percent.
Note Let us tell you that the final decision to cut the price of TV is taken by the TV manufacturer. He only decides how much it is costing him to make a TV, on the basis of which he decides the price of the TV.