New Delhi (Agency): In an unexpected move, the government has decided to delay the implementation of the import restriction order on laptops, computers, and tablets by about three months, until October 31, 2023. This decision gives electronic companies more time to import these devices without needing a license.
The Directorate General of Foreign Trade (DGFT), in an order issued late on Friday, clarified the change. They said that the original notification from August 3 would be effective from November 1. The exact wording is: ”Import consignments can be cleared till October 31, 2023 without a licence for restricted imports. For clearance of import consignments with effect from November 1, 2023, a valid licence for restricted imports is required.”
Furthermore, they mentioned a ”liberal transitional arrangement” allowing the import of various computer-related products, such as laptops and tablets, without restrictions until October 31, 2023.
Why was this change made? Industry voices had raised issues with the government on the original notification, and this new order seems to be a response.
The restrictions were first put in place for security reasons and to promote domestic manufacturing in India. By delaying imports from countries like China and Korea, the government wants to keep a closer watch on where these products are coming from.
This decision is a big relief for tech companies that were worried about the new order. Now, they have more time to adjust.
The government’s push for domestic manufacturing is part of India’s future growth plans, especially in the electronics sector. The country wants to attract international investments, especially from companies looking to move their operations outside China.
To support this effort, under the PLI 2.0 (production-linked incentive scheme) IT hardware scheme, 44 companies have registered, and two more have applied by July 31. More companies can still submit applications until August 30.
This delay in the import restrictions gives companies a little more breathing room. It also shows the government’s willingness to listen to industry concerns and make adjustments as needed.