Budget 2023: Rs. Television will be cheaper by up to 3 thousand, do you know what the Minister of Finance said?

Introducing the budget on Wednesday, Finance Minister Nirmala Sitharaman said the customs duty (BCD) on imported components will be cut from 5% to 2.5%, making locally made TVs more expensive. cheap up to 3,000 rupees. According to reports, some industry players say that lowering customs duties on open-sale components after this decision will effectively help reduce the cost of TVs by about 5 percent.

According to the PTI news agency, open cell panels account for more than 60-70 percent of the manufacturing cost of an LED TV. Most TV manufacturers import these panels. In this way, if the part that takes up such a large part of the cost of the TV will be cheap, then we definitely expect the prices of TVs to go down in the coming times.

In her budget speech, Finance Minister Nirmala Sitharaman said: “To promote value-added in TV manufacturing, I propose to reduce the basic customs duty on open cell parts of TV panels to 2.5 percent”. Eric Braganza, president of the Consumer Electronics and Home Appliance Manufacturers Association (CEAMA), said the move would help boost domestic value added and growth in the sector.

Reports suggest that Super Plastronic, which licenses international brands such as Blaupunkt, Thomson, Kodak and White-Westinghouse for the Indian market, says lowering customs duties to 2.5 percent will lower the final price of TVs. by 5 percent. decrease.

On the other hand, Avneet Singh Marwa, CEO and founder of SPPL, said on the occasion: “The reduction of customs duties in open cells to 2.5 per cent is a welcome move by the Government of India, we will convey the benefits to customers. Big screen TVs cost Rs 3,000. “It can be as low as.”

At the same time, brands like Sony, Panasonic have also welcomed this decision added to the budget and indicated that after this decision there will be a drop in the prices of televisions.

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