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Customs duty slashed to 5%
July, 06th 2009
The government has reduced the customs duty on liquid crystal display (LCD) television sets from 10% to 5% , finance minister Pranab Mukherjee said on Monday.

Presenting the Union Budget for 2009-10, the minister also said a nominal 5 percent customs duty has been imposed on set-top boxes (STB) as the production of the devices has picked up in the country.

A set-top box is a device that enables a television set to receive and decode digital television broadcasts.
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