The price of TV is going to go up from October 1, this is the reason why the price can go up to Rs

New delhi date. 21 September 2020, Monday

Television prices may rise from October. From October 1, the government will impose a 5% customs duty on the open sale of television sales. This can increase the price of the TV. The government has decided to take this step to promote domestic production with value addition. Let us tell you how much the price can go up.

The government exempted customs duty on open sale for one year
The television industry is already under pressure following the Corona as the price of fully manufactured panels (a major component in TV manufacturing) has risen by more than 50%. The government exempted customs duty on open sale for one year. It will end on September 30th.

The exemption from import duty has helped boost investment in TV manufacturing
The Ministry of Electronics and IT is in favor of increasing the relief in import duty. The exemption from import duty has helped boost investment in TV manufacturing and as a result, South Korean company Samsung will now start manufacturing in India by strengthening its manufacturing business from Vietnam. The final decision, however, will be taken by the finance ministry, sources said.

TV prices can go up by Rs 1,200 to Rs 1,500
TV companies have said they have no other option but to raise prices. Because if the fee extension period is not given beyond September 30, they will impose additional cost on the customers. This includes brands such as LG, Panasonic, Thomson and Sensui, which say the price of a TV will increase by about 4%, or at least Rs 1,200 to Rs 1,500 for a 42-inch television and more for a larger screen. However, government officials said the industry is not expecting a big increase in TV prices. With the abolition of this duty, the price of TV will not increase more than Rs 250.