CBIC reduces BCD on Import of Open Cell for 15.6” & above for use in manufacture of LCD & LED TV Panel

No Comments

The Government of India has issued a Notification No. 30/2019 – Customs dated September 17, 2019, which further amends the effective rates of Customs Duty and IGST for goods imported into India vide Notification No. 50/2017 – CT dated June 30, 2017, in the following manner: –

In the Table, for S. No. 515A and the entries relating thereto, the following serial numbers and entries shall be substituted, namely: –

Sr. No

Chapter Heading or Sub-heading Description of Goods Existing Customs Duty Amended Customs Duty

IGST

515A

8529

Open-cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels of heading 8529

5%

Nil

515B

8529

The following goods for use in the manufacture of Open cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels of heading 8529, namely: –

(i) The chip on Film;

(ii) Printed Circuit Board Assembly (PCBA);

(iii) Cell (glass board/substrate).

Nil

Note:  The amended Customs duty on goods specified against serial numbers 515A and 515B of the said Table will not be effective after September 30, 2020.

The Notifications can be accessed at: http://www.cbic.gov.in/resources/htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs30-2019.pdf;jsessionid=4DAAE49E9037BBD8CF7F3C010FB5D5C9