India has opened an investigation into Samsung after officials alleged the company paid lower import tariffs on OLED TV parts it imports to assemble high-end televisions, potentially exposing Samsung to penalties of up to 100%.
The imported components are used to manufacture OLED panels that are then assembled into TVs sold in the local market, which officials estimate to be worth $4.7 billion.
Officials say Samsung and LG misclaimed concessional tariffs
Officials contend that both Samsung and LG incorrectly claimed a concessional 5% tariff on these parts. They say the lower rate is only permitted for older LCD and LED panels used in mass-market televisions and argue the companies should have paid a 15% tariff on the imported parts instead.
