The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Indian officials are scrutinizing LG and Samsung for allegedly misapplying a 5% concessional tariff on OLED open-cell screens.
- The Directorate of Revenue Intelligence contends that these parts should be subject to a 15% duty, a claim the companies reportedly dispute by arguing that OLED is an advanced form of LED technology.
- Authorities have conducted inquiries at Samsung's offices and requested information from LG regarding their import practices.
- Potential consequences for the companies include significant tax demands and penalties if the evasion is proven.
What to watch next
- Potential issuance of tax demand notices and penalties by Indian authorities.
- Outcome of the industry lobbying campaign to include OLED parts under the 5% concessional tariff.
- Further legal challenges or responses from the companies involved.
Coverage1
1 report
English national1
All filed from India
Named India · LG Electronics · Samsung · Consumer Electronics and Appliances Manufacturers Association · Counterpoint Research · Directorate of Revenue Intelligence · MAIT · Omdia
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