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Explained: Why The Union Budget's Hike In Customs Duty In LED Components May End Up Helping Chinese Imports

Explained: Why the Union Budget s hike in customs duty in LED components may end up helping Chinese imports
Customs duty hike is imposed only on components used in LED light manufacturing and not on fully imported LED lighting.
Light bulb
Finance Minister Nirmala Sitharaman announced in Budget 2021 that there will be a rise in customs duty for importing LED light components like LED driver or MCPCB (metal core printed circuit board) from 5 percent to 10 percent. This announcement was to encourage domestic manufacturing for lighting solutions.
However, LED makers are upset with this move since this duty hike would automatically lead to a rise in prices of bulbs by 5-7 percent. ....

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LED Lighting Product Makers To Approach Govt Over Custom Duty Hike On Parts; Prices To Rise 5-10%

LED lighting product makers to approach govt over custom duty hike on parts; prices to rise 5-10%
ELCOMA said that after a hike in the customs duty from 5 to 10 per cent on the import of the components, including driver and MCPCBs used while manufacturing LED lights, prices of the locally manufactured goods will go up. The tariffs on finished good have remained unchanged, it added.
PTI
February 07, 2021 / 02:18 PM IST
Prices of LED lighting products, including bulbs, may go up by 5-10 per cent as the government is going to raise customs duty on the imported components used for their manufacturing, and the domestic makers are approaching the government to address the issue urgently. ....

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