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Tax Cut on Open Cell Parts Won’t Reduce TV Prices Soon
Tax Cut on Open Cell Parts Won’t Reduce TV Prices Soon
February 3, 2023
Finance Minister Nirmala Sitharaman presented the Union budget on Wednesday.
Customs duty on parts to produce open cells has been halved to 2.5%, in order to promote value addition in manufacturing televisions.
Despite this, TV prices will not fall soon.
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