TV Prices To Increase; Television Sets To Get Expensive Due To Custom Duty Hike | TV prices may be expensive due to increase in custom duty, but AC, cooler and fan is not selling due to fear of Corona

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  • TV Prices To Increase; Television Sets To Get Expensive Due To Custom Duty Hike

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Mumbai2 hours ago

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Television (TV) prices are expected to rise in the coming days. Because the government is preparing to increase the import duty on the open-cell panel. The panel itself is used to make television screens. The price of TV may increase by 3-5% due to increase in duty.

TV price will increase for the third time in 2021
If this happens, the price of TV will increase for the third time in 2021. Earlier, prices had risen in January and April as the panel was costlier. According to media reports, the government plans to gradually increase the duty to 10-12% in the next three years, from the present 5%.

Government is preparing to increase domestic manufacturing
According to the report, this duty will be increased a little bit every year, which is intended to prepare TV companies to manufacture these components in India. So far, open-cell panels have been imported from China.

Customers are not getting cooling appliances
Corona’s increasing speed has had a negative impact on the sale of electronic appliances such as AC, cooler and fan. According to a report by Motilal Oswal Financial Services, 70% of AC sales are from January to June, but it has declined from Corona.

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