Government Allows Laptop, Tablet Importers To Apply For Permit Till December

Existing permits issued till Sept. 30 will stay valid till the end of the year, according to a DGFT notification.

Importers would be required to apply for fresh authorisations from January, subject to detailed guidance to be provided shortly, the DGFT notification said. (Working on laptop | Source: Freepik)

The government on Tuesday extended the window for importers to apply for permits to source IT hardware like laptops and tablets till December. Importers will now be allowed to apply for 'import authorisations' that will be valid up to Dec. 31, 2024.

Existing permits issued till Sept. 30 will stay valid till the end of the year, according to a notification issued by the Directorate General of Foreign Trade.

Importers would be required to apply for fresh authorisations from January, subject to detailed guidance to be provided shortly, the notification said.

Also Read: India Extends Anti-Subsidy Duty On Steel Imports From China And Vietnam

India notified import restrictions on laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers in August last year, mandating the importers of these products to apply for licenses from the government for future consignments. The step was taken to curb imports from China.

The government exempted IT hardware that is manufactured in a special economic zone for import into a domestic tariff area, spares, parts, assemblies, sub-assemblies, components, and other inputs necessary for the IT hardware devices as well as laptops/tablets accompanying machinery such as MRI machines, CNC machines, unmanned aerial vehicles, etc.

In November, the import management system was designed to boost domestic production and reduce dependency on imports.

The import authorisation would have to specify the quantity and value of the imports and would be valid till December. However, importers can apply for multiple authorisations and amend the quantities mentioned if the overall value of the import authorisation remains unchanged.

The Modi government has encouraged domestic production of IT hardware under the 'Make In India' initiative to curb costly imports. It plans to replicate success in smartphone manufacturing and assembly.

Also Read: Indian Makers Of Solar Parts Seek Protection From Cheap Imports

Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
WRITTEN BY
Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
GET REGULAR UPDATES