India probes Samsung and LG over alleged OLED TV part tariff evasion
India's Directorate of Revenue Intelligence is investigating Samsung and LG for allegedly paying a 5% import duty instead of 15% on OLED open cells used in TV production. Both companies dispute the tariff classification, and LG has already made a voluntary payment.
- DRI says OLED panels should face a 15% duty, not the 5% rate applied
- Samsung and LG argue OLED is an advanced form of LED and merits the same tariff
- LG received written questions and made a voluntary payment
- Penalties could reach 100% of the allegedly unpaid duty
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