Economy

Govt defers move to curb imports of laptops, tablets by 3 months

The government has deferred the move to restrict the import of laptops, tablets and personal computers by three months. Companies importing these goods will now have time until October 31 to get a licence to import the devices, the government said in a notification.

The Directorate General of Foreign Trade (DGFT) issued a notification on Friday late on night which states: “Import consignments can be cleared till October 31, 2023 without a license for restricted imports. For clearance of import consignments with effect from November 1, 2023, a valid License for Restricted imports is required:

“A liberal transitional arrangement is provided for import of laptops, tablets, all-in-one personal computers, ultra-small form factor computers and servers … till October 31, 2023,” the notification added.

The government had on Thursday announced the imposition of import restrictions on laptops, tablets, and certain types of computers with immediate effect for security reasons and the need to promote domestic manufacturing. The move will curtail imports of these goods from countries like China and Korea.

The government’s move to impose import restrictions on laptops, tablets and certain types of computers, and allow their import only through valid licences was also triggered by security concerns. Import curbs will allow the Centre to keep a close watch on locations from where products are coming from, officials said.

Union IT Minister Rajeev Chandrasekhar had said the move was aimed to “ensure trusted hardware and systems” and reduce dependence on imports.

However, the announcement had caught the industry by surprise and there were fears that supplies could be disrupted at a time when stocks need to be built up for the forthcoming festive season.

 

IN Bureau

Recent Posts

Iran to hold snap presidential elections on June 28 after President Raisi’s death

Following the tragic demise of Iranian President Ebrahim Raisi in a helicopter crash on Sunday…

40 mins ago

Ancient Indian wisdom rooted in 5000-year-old civilizational legacy: Army Chief General Manoj Pande

Indian Army Chief General Manoj Pande said that the ancient Indian wisdom is rooted in…

1 hour ago

Industry leaders praise India’s tech surge at Hardeep Singh Puri’s ‘Vishesh Sampark Abhiyan’ event

Industry leaders gathered at Union Minister Hardeep Singh Puri's residence for a 'Vishesh Sampark Abhiyan'…

4 hours ago

EAM Jaishankar reaffirms Quad’s commitment to a secure Indo-Pacific

External Affairs Minister (EAM) S Jaishankar said on Monday that the Quad alliance is working…

5 hours ago

US President Biden rejects allegations of genocide against Israel in Gaza

US President Joe Biden said on Monday that what is happening in Gaza is not…

5 hours ago

“Deeply committed to promoting universal respect for freedom of religion”: US on report describing Muslims in India

The US on Monday addressed a recently published news report describing the Muslim community in…

5 hours ago