LG and Samsung Face OLED Fee Dispute

Indian investigations have uncovered illegal practices by LG and Samsung regarding the payment of customs duties on OLED screen components for luxury televisions. It is suspected that the two companies used a reduced tariff rate of 5% instead of the 15% imposed on "Open Cell" components, which are considered an advanced technology compared to older LCD and LED screens. The case relates to their attempt to benefit from lowered customs fees on imported screens, while Indian authorities believe these components should be subject to higher tariffs, potentially leading to fines of up to 100% of the overdue duties. The investigation comes at a time when both companies are seeking to expand OLED TV sales in the Indian market, which currently accounts for about 4% of the $4.7 billion television market. Samsung confirmed its cooperation with authorities, while LG received written questions and paid a non-specific provisional amount.

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