Govt delays import restrictions on laptops and computers to Nov-1: The license requirement for the import of laptops, tablets, and personal computers will now not take effect until November 1, 2023, according to an announcement by the Directorate General of Foreign Trade (DGFT).
According to the Government of India’s Directorate General of Foreign Trade. Till October 31, 2023, import shipments will be cleared without a license for limited imports. A valid License for Restricted Imports is necessary for the clearance of import shipments starting on November 1, 2023,
The notice stated that until October 31st, servers, all-in-one computers, laptops, and tablets might be imported under lenient transitional conditions.
The government had imposed 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 also curtail inbound shipments of these goods from countries like China and Korea. Importers of these items would now have to seek permission or license from the government for their inbound shipments.
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Why India banned the import of Laptops?
Since imports of electronics, including laptops, tablets, and personal computers, totaled $19.7 billion between April and June 2023, growing at a rate of about 6% annually, the government sees a clear opportunity for Indian producers to fill the gap. Government wants to encourage the domestic manufacturing sector.
In order to lessen dependency on imports, particularly from China. Laptops, tablets, and personal computers make for approximately 1.5% of total yearly imports, with roughly half of these products originating in China. In the past, India successfully stimulated local output by imposing high tariffs on things such as mobile phones, resulting in $38 billion in mobile phone production last year.
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Government’s production-linked incentives (PLIs), which expanded to more than a dozen industries, including electronics. The government has extended the deadline for applications for its $2 billion manufacturing incentive program, which aims to encourage large investments in the manufacturing of IT hardware, including laptops, tablets, personal computers, and servers. By 2026, India wants to create $300 billion worth of electronics yearly with the help of this ambitious scheme.
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