New Delhi has raised the basic customs duty (BCD) on imported flat panel displays to 20% while lowering duties on open cells and key display components to 5%, in a policy move aimed at strengthening domestic electronics manufacturing and correcting an inverted duty structure. India’s Finance Ministry announced the changes as part of India’s broader “Make in India” initiative, according to The Times of India, Hindu Business Line, and Z Business.
Higher display import duties signal India’s push to localize flat panel manufacturing
23
Jan