LED lighting product makers to approach govt over custom duty hike on parts

Prices of LED lighting products, including bulbs, may go up by 5-10 per cent as the government is going to raise customs duty on the imported components used for their manufacturing, and the domestic makers are approaching the government to address the issue urgently.

Electric Lamp and Component Manufacturers’ Association (ELCOMA) President Sumit Joshi, “The government’s decision to increase tariff on inputs and parts used for manufacturing of LED lighting products will result in a price increase for locally manufactured lighting products in the short term.”

It is because currently, almost all electronic components are imported from abroad due to lack of a local component ecosystem in India, said.