Wait...
  1. Home >
  2. Export Import News >
  3. Import News >
  4. LG for import duty exemption on open cell television panels >
  5. LG for import duty exemption on open cell television panels

Online Export Import Data Search

recentSearch
Complete Training Video : Click Here

LG for import duty exemption on open cell television panels.


Date: 15-07-2019
Subject: LG for import duty exemption on open cell television panels
New Delhi, Jul 14 () South Korea's LG Electronics has sought customs duty exemption on imports of open cell television panels, which will also help domestic manufacturers to be more competitive, said a company official. 

At present, imported open cell television panels attract five per cent customs duty. 

The South Korean giant also said it will continue to manufacture TV sets in India, and invest to enhance its capacity. 

"We are asking the same thing to be duty free (import of TV panel in open-cell state). Currently, we are paying 5 per cent (custom) duty on import. If 5 per cent duty disappears, it would help more make-in-India," LG Electronics India Director-Home Entertainment Younchul Park told . 

He further added: "Duty free would help us align with make-in-India". 

Park said that waiving of five per cent custom duty on import of TV panel in open-cell state would also encourage domestic manufacturers. 

On being asked as whether LG like other manufacturer, is considering to shift or source TV from other markets, considering the high duty in India, Park said that LG unlike other brands is not importing TVs from Vietnam, Malaysia and Thailand at zero duty through the FTA route. 

"We are very clear with our policy of make-in-India. Here, year-by-year, we are investing more. we are not changing. 

"LG is the single company, which is manufacturing fully in India unlike others. We are the only company, which is producing OLEDs in India, which is quality wise number one," he added. 

The India TV market is expected to be around 14 millions units and is dominated by top three brands - Samsung, LG and Sony. These makers are now witnessing intense competition from the new makers who are competing in the entry level segment and mid affordable range. KRH BAL

Source: timesofindia.indiatimes.com 


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-08-2019
Notification No.59/2019 - Customs (N.T.)
Exchange Rates Notification No.59/2019-Custom(NT) dated 13.08.2019.

Date: 13-08-2019
Instruction No. 03/2019-Customs
Recovery of Export benefits given under incentive and Reward Schemes under Chapter 3 of FTP on re-import of export goods.

Date: 10-08-2019
NOTIFICATION No. 32/2019-Customs (ADD)
Seeks to impose anti-dumping duty on imports of "Homopolymer of vinyl chloride monomer (suspension grade)" originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR.

Date: 08-08-2019
Notification No. 57/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.

Date: 08-08-2019
Trade Notice 29/2019-20
Online filling of applications for claiming assistance under Transport and Marketing Assistance (TMA) for Specified Agriculture Products Schem

Date: 08-08-2019
Notification No. 58/ 2019-Customs (N.T.)
Further amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997

Date: 08-08-2019
Circular No. 24/2019-Customs
Clarification regarding applicability of All Industry Rates of duty drawback while fixing Brand Rate of duty drawback in post GST era.

Date: 06-08-2019
Notification No. 31/2019-Customs(ADD)
seeks to amend notification No.12/2019-Customs (ADD) dated the 26.02.2019 as per Corrigenda issued by Designated Authority vide notification F. No. 6/45/2017-DGAD 31.05.2019.

Date: 05-08-2019
Notification No. 56/2019 - Customs (N.T.)
Exchange Rates Notification No.56/2019-Custom (NT) dated 05.08.2019

Date: 05-08-2019
Notification No. 33/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001