The Indian Government has restored the duty on glass shells from 10% to 20% to correct an inverted duty structure. The Government had previously reduced the duty by half. Glass shells are a key compon…
The Indian Government has restored the duty on glass shells from 10% to 20% to correct an inverted duty structure. The Government had previously reduced the duty by half. Glass shells are a key component in colour picture tubes (CPT) used in the manufacture of colour televisions and some game consoles. There are allegations in the Indian CPT industry that Videocon Narmada, which claims to be the sole manufacturer of glass shells in India, had lobbied the Government to have the duty reversed to the original 20%.