Get a cheaper LCD or LED below 19 inches
11 July 2014 12:54 AM GMT
Domestic production of television will be boosted with the government's announcement to reduce customs duty on a key component used in low-end models and LED/LCD panels. In the Budget for 2014-15, Finance Minister Arun Jaitley proposed to exempt colour picture tubes from basic customs duty to make cathode ray TVs cheaper, while reducing it to zero from 10 per cent on LCD and LED TV panels of below 19 inches.
Besides, in a move to encourage manufacture of LCD and LED TV panels, Jaitley proposed to exempt specified inputs used in their manufacture from basic customs duty. Commenting on the announcement, Consumer Electronics and Appliances Manufacturers' Association said it would help in indigenous manufacturing of panels.
‘The minister has taken steps to boost domestic production of electronic items and reduce our dependence on imports,’ said CEAMA President Anirudh Dhoot, who is also a director in Videocon Industries. CEAMA General Secretary Suresh Khanna said removal of duty on import of picture tubes of CRT TV would help small manufacturers.
‘CRT TV, which is manufactured by the small players and sold mostly in rural areas would get a new life as its market was declining rapidly. It would make CRT TV cheaper by Rs 150 to Rs 300,’ he added. At present, only a handful of manufacturers make CRT TVs. Videocon is one of the branded nationwide players in the segment selling its products at a price starting from Rs 4,990 for 14 inches screen. Big manufacturers such as Samsung, Sony, Panasonic have stopped selling CRT TVs and are also not present in the LED/LCD segment below 19 inches.
Besides, in a move to encourage manufacture of LCD and LED TV panels, Jaitley proposed to exempt specified inputs used in their manufacture from basic customs duty. Commenting on the announcement, Consumer Electronics and Appliances Manufacturers' Association said it would help in indigenous manufacturing of panels.
‘The minister has taken steps to boost domestic production of electronic items and reduce our dependence on imports,’ said CEAMA President Anirudh Dhoot, who is also a director in Videocon Industries. CEAMA General Secretary Suresh Khanna said removal of duty on import of picture tubes of CRT TV would help small manufacturers.
‘CRT TV, which is manufactured by the small players and sold mostly in rural areas would get a new life as its market was declining rapidly. It would make CRT TV cheaper by Rs 150 to Rs 300,’ he added. At present, only a handful of manufacturers make CRT TVs. Videocon is one of the branded nationwide players in the segment selling its products at a price starting from Rs 4,990 for 14 inches screen. Big manufacturers such as Samsung, Sony, Panasonic have stopped selling CRT TVs and are also not present in the LED/LCD segment below 19 inches.
Next Story
