110 companies, including tech behemoths like Apple, Dell, HP, Samsung, and Lenovo, have received the green light to import laptops, tablets, and personal computers. This move is part of India’s new “import management system”, which aims to monitor shipments more closely.
What Happened? The system, effective from November 1, requires companies to register the quantity and value of imports on a portal, with authorizations valid until September 2024. This approach marks a departure from the previously considered licensing regime, offering a more streamlined process.
Under the new system, IT hardware produced in Special Economic Zones (SEZs) can now enter the domestic tariff area (DTA) without special permissions. Additionally, private companies importing for government agencies in defence and security don’t need special permissions either.
This new import management system is a strategic move by India to keep a watchful eye on imports while facilitating the process. It’s a balancing act between regulation and ease of business, reflecting India’s evolving stance in the global tech industry.
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