Govt discusses 2 new criteria for import of information technology hardware

Move to link import value of companies' domestic manufacturing and exports

The ministry of electronics and information technology (Meity) on Friday discussed with stakeholders two new criteria in the new import licensing regime. It proposed a move to link the import of information technology (IT) hardware like laptops, tablets, personal computers, and small servers to a company’s domestic manufacturing value as well as to the value of its export of electronic products, such as IT hardware, mobile phones, wearables, hearables and telecom products.

In simple terms, companies will be given credit against their exports and domestic production, and the credit can be used for imports.

A few weeks ago, the government