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of <h1>India Cuts Customs Duty on LCD/LED TV Panel Parts from 10% to 5% in Notification No. 32/2018-Customs.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 32/2018-Customs, amending Notification No. 50/2017-Customs. This amendment reduces the Basic Customs Duty (BCD) from 10% to 5% on open cells (15.6 inches and above) used in the manufacture of LCD and LED TV panels. The amendment is made under the powers conferred by the Customs Act, 1962, and the Customs Tariff Act, 1975, in the interest of the public. The changes include the insertion of a new entry, 515A, in the notification table and the omission of item (i) under S.No. 516.
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