December 24, 2024 05:46 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter
Image Credit: Unspalsh

Centre extends import management system for laptops, IT hardware till Dec 31

| @indiablooms | Sep 25, 2024, at 11:32 pm

New Delhi: The central government has extended the import management system for laptops and other IT hardware products by three months, now effective until December 31, 2024.

Companies will be required to seek fresh approvals for imports under new guidelines starting from January 1, 2025.

The current system, originally set to expire on September 30, was introduced on November 1, 2023, as part of an effort to promote domestic manufacturing, reduce reliance on imports—especially from China—and secure a trusted supply chain for electronics in India.

"Importers will need to apply for new authorizations for the period beginning January 1, 2025, with detailed guidelines to be issued shortly," the Directorate General of Foreign Trade (DGFT) said in a notification.

The system governs the import of laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers.

In August 2023, the government initially announced plans to require licenses for the import of IT hardware products.

However, after facing significant pushback from companies, industry groups, and trade partners, the government revised its approach.

A new "contactless" import management system was introduced in November 2023, allowing import permits to be issued entirely online.

The government has also indicated that import data will continue to be monitored closely before determining further steps for the system's progression.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.