SC ruling on classification disputes on LCD panels

CCE, Aurangabad Vs Videocon Industries Ltd. (Supreme Court) Sub- Whether LCD panels are to be classified as part of television sets or audio players or independently for charging Customs duty? The Apex Court in this case was dealing with the classification of LCD Panels which were imported and were to be used as part of television manufacturing or for manufacturing audio players in car. The LCD panels could have been used independently also for other purposes. The department wanted to classify these panels “part of television sets” and accordingly levy higher customs duty. However, the ass...