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of <h1>Government Imposes 5% Basic Customs Duty on Open Cell for LED/LCD TV Panels Effective October 1, 2020.</h1> The Central Government has issued Notification No. 35/2020-Customs, amending Notification No. 50/2017-Customs to impose a 5% Basic Customs Duty (BCD) on Open Cell for LED/LCD TV Panels. This amendment, under the Customs Act, 1962 and the Customs Tariff Act, 1975, is deemed necessary in the public interest. The changes include substituting the entry for S. No. 515A in the notification's table with '5%' and omitting clause (d) in the first proviso. The notification takes effect from October 1, 2020.
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