New Delhi, Jul 10 (KNN)  In order to see revival of television manufacturing among the SMEs, Finance Minister, Arun Jaitley has proposed to exempt colour picture tubes from basic customs duty to make cathode ray TV sets cheaper.

“The duty concession will help revive manufacturing of TVs in the SME sector and create employment opportunities,” Jaitley said.
 
Cathode ray TVs are used by weaker sections who cannot afford to buy more expensive flat panel TVs.   The exemption of colour picture tubes from basic customs duty would make cathode ray TVs cheaper. 
 
At the same time, to encourage production of LCD and LED TVs below 19 inches in India, he has recommended a reduction in the basic customs duty on LCD and LED TV panels of below 19 inches from 10 per cent to Nil.
 
In addition, to encourage manufacture of LCD and LED TV panels, he has proposed to exempt from basic customs duty specified inputs used in their manufacture.  (KNN Bureau)