INDUSTRY
Government extends approval system for IT hardware imports till December 31
- IBJ Bureau
- Sep 25, 2024
The government on Tuesday extended the existing approval system for import of certain IT hardware products, including laptops and tablets, for three months till December 31.
The deadline for review of the system is September 30.
These imports stood at $8.4 billion in 2023-24 against the authorisation of about $9.5 billion. Most of these imports were coming from China.
“It is clarified that the importers are allowed to apply for import authorisations which will be valid up to December 31, 2024. Further, the existing import authorisations issued till September 30, 2024, will continue to be valid up to December 31, 2024,” the Directorate General of Foreign Trade (DGFT) said in a policy circular.
Importers would be required to apply for fresh authorisations from January 1, 2025, “subject to detailed guidance to be provided shortly”, it added.
On August 3, 2023, the government first imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra-small form factor computers and servers.
After the industry flagged concerns over the curbs, the government in October last year rolled out an import management or authorisation for imports of these products.
The system is aimed at monitoring inbound shipments of these items into the country without hurting market supply.
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