Import curbs on laptops, PCs to come into force from November 1

economictimes.indiatimes.com:

In a notification issued late night, the Directorate General of Foreign Trade (DGFT) gave «liberal transitional arrangements» for such imports and said that its August 3 notification on import restrictions will be effective from November 2023. «Keeping in view global supply chain arrangements and long-term commitments of the industry stakeholders, liberal transitional arrangements are notified for these imports till October 31, 2023,» said an official. As per the notification, 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,» it said in the notification. The clarification was issued after industry representatives met government officials assuring them of ramped-up capacities to boost local production, sources said. «We are also helping companies if their consignments are stuck at customs.

The DGFT has prepared a portal from where licences for importing the electronic equipment can be obtained within hours,» one of them said. The DGFT is also likely to issue clarifications on the details that will be sought from companies seeking licences to import laptops, tablets and other electronic equipment, the official said. The purpose of asking companies to seek licences was to gather information.