IT hardware companies seek clarity on new import authorisation rules
IT hardware industry has sought clarity around applicability of manufacturing quotas, including criteria and import quantities of products like laptops and tablets that may be allowed under the new import authorisation mechanism, that is set to come into force from October 1 this year.
The clarifications were sought in a recent meeting with the Ministry of Electronics and IT (Meity) officials. Companies such as Dell, HP, Foxconn, Acer, Asus, Flex and Dixon technologies are among the major IT hardware manufacturers in India.
«The industry players wanted to understand what will happen after October 1, when the new system kicks-in. They need clarity so that they can plan accordingly. We have taken their questions and will revert soon,» an official told ET.
The government, on its part, has asked IT hardware makers to submit their manufacturing plans at the earliest for products such as laptops, tablets, all-in-one PCs and servers etc.
As per industry players, they want clarity how the new mechanism will be implemented, particularly the applicability of quotas for additional imports. The companies highlighted that they need two-three months to align their supply chains and the time the new system kicks-in, it will be festive season and during this period, the supplies should not get affected.
The government is preparing to replace the current import management system, which will expire in September, with an import authorisation mechanism, as part of its aim to make the country a global manufacturing hub.
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