Annual registration required for IT hardware importers under new system

This policy change comes against the backdrop of proposed import curbs on laptops and IT hardware, slated to take effect from 1 November

Import, Trade, Export
Representative Image
Sourabh LeleShreya Nandi New Delhi
3 min read Last Updated : Sep 27 2023 | 11:24 PM IST
Importers of laptops, tablets, and other IT hardware will need to apply for fresh registration annually as part of the government’s new import monitoring system, according to industry sources.

The monitoring system, which is already live, aims to gather advance information about imports, including the country of origin. Importers can apply for registration via the existing DGFT (Directorate General of Foreign Trade) portal. These issues were discussed during a recent stakeholder consultation between the DGFT, the Ministry of Electronics and Information (MeitY), and the industry.

Government officials have clarified that the approval for import is expected to be granted within 24-72 hours. The only reason for application rejection would be inadequate information provided during the registration process, according to inputs from the IT industry body Nasscom.

This development follows proposed import curbs on laptops, other personal computers, and related IT hardware. These import restrictions, the government earlier said, are set to be implemented from November 1.

This move, which meant that such items would be subject to an import licensing regime, raised concerns in the ICT (information and communication technology) industry and among India’s key trading partners, such as the US and the European Union.

The government, it is learnt, has seemingly softened its stance by doing away with any import “restriction”. It is unlikely to use the word “licence” henceforth in this connection and shall only ensure that it has advance information about IT hardware items reaching Indian shores.

“The industry has received a major indication about relaxation from the government, as officials have clarified that there will be no restriction on imports. Items imported in special economic zones and software technology parks of India will not require separate registration,” said an industry executive.

Business Standard earlier reported that the government has assured that the “import management system” will have enough flexibility to review norms in case of sudden supply-chain disruption or high and unanticipated requirement of these products.

Lastly, the government has made it clear that it encourages companies to diversify their imports of these products from various regions and states rather than risk domination by one country.

ON THE CARDS
 

> Firms need to register on Directorate General of Foreign Trade (DGFT)'s existing portal to import laptop, PCs, and other hardware devices

> Decision on application to be conveyed within 24-72 hours  

> Rejection of application only in case of inadequate information

> Part of recent discussions between DGFT, MeitY, and industry stakeholders













*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :DGFTNasscomIT hardware GSTimport

First Published: Sep 27 2023 | 6:18 PM IST

Next Story