India Probes LG, Samsung Over OLED TV Import Duties
What Happened
India is investigating LG Electronics and Samsung over allegations that they paid a lower 5% duty on imported OLED TV display parts instead of the 15% tariff authorities believe applies to such imports. The probe centers on OLED "open cell" display components used in premium televisions.
Key Takeaways
The case could lead to significant tax demands and penalties if authorities find the companies underpaid duties. The investigation also highlights ongoing disputes over how newer technologies like OLEDs should be classified under India's tariff rules.