DGFT opens registration of companies seeking to import IT hardware
DGFT) has opened the window for registration of companies seeking to import IT hardware such as laptops and tablets, with a one-week target for approval of an application.
As per officials aware of the details, companies need to provide value and volume details around import/export of hardware along with domestic manufacturing for the past three years. The firms also need to disclose the country of origin for imports.
«The format for registration has been shared and companies can revert if some things need to be fine-tuned.
It's a simple form, which can be filled in a few minutes,» an official told ET.
This follows a decision taken by the government that there won't be any licensing or quota for companies to import products, at least till September next year. Representatives from the IT hardware industry along with officials from the ministry of electronics and IT (Meity) attended a meeting with DGFT on September 25 to discuss the registration process.
Following the discussions, it has been decided that for now, the registration will be valid from November 1, 2023, to September 30, 2024.
From October, it would be a mechanism for authorising imports with quotas. The authorisation can be renewed every year.
«Companies need to take single registration/authorisation and it will be valid at all the ports,» said another official.
The industry can submit the details or suggest any changes for the registration process. Companies need to provide the registration certificate to the customs department for importing IT hardware from November 1.
