Parts of Open Cell for TV also under 5 percent Duty Regime

· Parts of Open Cell like PCBA are now subject to five percent duty with effect from 12 Nov. Earlier, they were at Nil Duty.

· Open Cell is already at five percent with effect from 30 Sept

· Thus both Open Cell and its Parts are at five percent duty.

· Perhaps there was Evasion of Duty on Open Cell by importing Parts with mere Assembly.

[Notification No. 42/2020-Customs dated 11 November 2020]

Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe 5% BCD on specified parts for manufacture of Open Cell for LED/LCD TV Panels subject to end user condition.

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-

In the said notification, in the Table, against S. No. 515B, for the entry in column (4), the entry “5%” shall be substituted.

2. This notification shall come into force with effect from the 12th day of November, 2020.

[F.No.354/20/2017-TRU (Pt.II)]