Apple, Samsung Get A Breather As Govt Said To Mull Softer Stand On Tech Imports For Now

The government is reportedly considering a new system of registration for imported IT hardware, with no limits or special licenses needed for the year ending March 2024. The move would bring relief to big tech brands like HP, Dell, Apple, Samsung, Lenovo, Asus, and Acer would benefit from this.

What Happened: The government will only track where devices come from and how much they cost this fiscal year, government officials told the Economic Times. Quotas and extra rules might start next year.

The government reportedly talked with big names like Apple, Dell, Samsung, and others about the plan on September 8. It also invited groups like the India Cellular & Electronics Association (ICEA) and the Manufacturers’ Association For Information Technology (MAIT).

See Also: Delhi Takes ‘iPhone Capital Of India’ Crown Ahead Of Mumbai: Report

One source told the business daily companies will start production under the production-linked incentive scheme next year, and they might need to import some material to fill the gap.

Earlier, the Directorate General of Foreign Trade (DGFT) had said that some IT hardware imports needed a license due to security concerns. But, the deadline was extended to November 1 after hearing from the industry.

The government told companies it would help them make things locally under the PLI plan. Industry players have also argued that this year wasn’t a good measure for the plan because demand was down by over 25% last year and hasn’t bounced back yet.

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Posted In: GovernmentRegulationsTechAcerAppleasusDELLSamsung