Regulatory & Legal
Mint24 Sept 2026, 10:45 am IST
LG and Samsung under investigation for TV part tariffs
What happened
- Indian authorities are investigating LG and Samsung for allegedly paying lower import taxes on OLED TV parts.
- Officials claim the companies wrongly used a 5% tax rate meant for older technology instead of a 15% rate.
- Samsung stated it is cooperating with authorities.
Key terms explained
Financial terms from this story, in everyday words.
- Tariff
- A tax imposed by a government on goods imported from other countries.
- OLED
- A type of display technology used in high-end televisions.
Original source
Mint
Was this summary clear?
For information only — not investment advice.Summarized automatically; always check the original before acting.