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IT Hardware GST
The US on Friday said it has raised concerns with India regarding the import regime of certain information and communications technology products, including laptops, and tablets, amid New Delhi's decision to restrict inbound shipments of such products. At present, an authorisation is needed for importers of certain IT hardware goods into India. The USA's National Trade Estimate Report on Foreign Trade Barriers 2024 also said American exporters have raised concerns over the lack of prior stakeholder consultations on the issues. "The United States continues to monitor implementation and to raise concerns with India (on this)," it said. The report alleged that the "opaque and unpredictable" nature of India's application of quantitative restrictions has affected the ability of US exporters to access the market. "The United States continues to raise this issue, along with other trading partners, at the WTO (World Trade Organisation)," it said, adding that the US government continues to
The government has clarified that there are no import restrictions on certain IT hardware products such as desktop computers. In a circular to customs authorities and industry, the commerce ministry arm Directorate General of Foreign Trade (DGFT) has said only the import of laptops, tablets, all-in-one personal computers, ultra small form factor computers and servers is restricted and imports of these goods are allowed against a valid import authorisation. "The given import restriction does not apply to any other goods such as desktop computers, etc, under the tariff head 8471," it said. In international trade parlance, every product is categorised under an HSN (Harmonised System of Nomenclature) code, or tariff heads. It helps in systematic classification of goods across the globe. HS Code 8471 includes products related to automatic data processing machines and units. It includes a mouse, printers, scanners, and CD drives. In August 2023, the government imposed restrictions on ..
The government on Saturday said 27 companies, including Dell, HP, Foxconn, and Lenovo, have been granted approval under the new production-linked incentive (PLI) scheme for IT hardware. The move comes at a time when India is wooing IT hardware players with policy sweeteners and incentive schemes, making a determined push to position itself as a global hub for hi-tech manufacturing. "I am happy to announce that 27 companies have been approved under the PLI IT hardware scheme. About 95 per cent of these...23 companies are ready to start manufacturing from day-zero," Minister for Electronics and IT Ashwini Vaishnaw said. "This will set us up for being a big force in manufacturing of PCs, servers, laptops, and tablets," he added. These 27 companies will invest Rs 3,000 crore. Big players, including Dell, Foxconn, HP, and Lenovo, are among the companies whose applications have been approved.
The government's move to enforce registration requirement for laptop imports came as a boon for home-grown Android-based laptop maker Primebook, according to the company's CEO Chitranshu Mahant. The move (to put registration requirement for imports) "actually came as a blessing to us. We had no issues, but other brands were not able to import stuff. So we had a good market exposure because of the problems," Mahant told PTI. The government has put in place a new system under which companies willing to import laptops, tablets and certain components are required to register the quantity and value of imports on a portal. The new system was announced in October this year and the government has cleared a total of 110 applications, including those from Apple, Dell, HP and Lenovo, seeking permission for imports worth around USD 10 billion. The authorisation for these imports is valid until September 2024. According to the government, the new 'import management system' is aimed at monitorin
The government has cleared about 110 applications of the 111 requests received for allowing imports of laptops, computers and other IT hardware products so far, an official said. The companies that received approvals include Dell International Services India, Appl India, HP India Sales Pvt Ltd, Lenovo (India), ASUS India, IBM India, Samsung India Electronics, Xiaomi Technology India, Cisco Commerce India, Siemens Ltd and Bosch Ltd, the official said. As many as 111 applications were received so far seeking authorization for the import of IT products, the official added. The government last month tweaked curbs on imports of laptops and computers, allowing importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. "Around 110 import
As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union Minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, Minister for Electronics and IT. "India is emerging as a trusted supply chain partner and value added partner ... companies are happy to come to India for manufacturing and design," Vaishnaw said at a media briefing. Overall, 32 applications have been received under PLI for IT hardware scheme so far, Vaishnaw said describing it as a good response. The response is more than anticipated, he said.