Electronic import restrictions relief

03 OCT,2023 | MEDC


The government has proposed that companies importing laptops, tablets, PCs and small servers should register on the Directorate General of Foreign Trade (DGFT) platform from November 1. While they will face import restrictions for a certain period after registering, when the restrictions will actually be enforced is not yet clear. The government has acknowledged global economic realities and said that the “import management system” will have enough wiggle room to review the norms in case of a sudden supply chain disruption or if there is a high and unanticipated demand for these products. Industry will be given credit against its exports as well as its domestic production, which can be used for imports. The formula for this is being worked out by policymakers.

 

 

Photo Credit - Google.

Comments

*
*
*

Featured Posts



Recent Posts


EMERGING ISSUES IN AEROSPACE INDUSTRY: AN INDIAN PERSPECTIVE


Tourism and its contribution to the Economy


Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra


De-coding skills-based pro-bono


FOOD PRICE VOLATILITY


Food Inflation in India: An Assessment




Archive


© Copyright MEDC, All rights reserved
Website Design and Develop By: SCI Knowledge Interlinks
-->