Centre on Thursday tweaked the cumbersome licensing norms to import IT {hardware} merchandise like laptops and computer systems and put in place an online authorisation system for importers of those items. The new licensing or authorisation regime, which can come into operation with speedy impact, is primarily geared toward monitoring imports of those merchandise to make sure that they’re coming from “trusted” sources, Director General of Foreign Trade (DGFT) Santosh Kumar Saranagi informed reporters in New Delhi.
After taking into consideration the considerations of stakeholders of the sector, some “tweaking” within the coverage has been made, and an end-to-end online system was launched for importers, he added. The system, he stated, will be sure that it will likely be faceless and contactless, and there shall be no hassles for importers to fill of their particulars.
What occurred up to now?
The announcement assumes significance as the federal government introduced on August 4 that an importer would want a license for the import of those items from November 1, to spice up home manufacturing and lower imports from nations like China.
The new license regime is relevant to laptops, private computer systems (together with pill computer systems), microcomputers, giant or mainframe computer systems, and sure knowledge processing machines to make sure India’s trusted provide chain. The DGFT additionally stated that an importer can apply from now onwards on the system to hunt authorisation for imports, and there wouldn’t be any restriction on amount, worth or nation.
The Department of Revenue can be concerned within the preparation of the brand new system and your complete software course of will take about 10 minutes, and the easy license shall be issued in an automatic method.
What would occur to corporations’ denied entity lists?
Companies within the “denied entity list” is not going to get the authorisations. Such lists embrace corporations which haven’t fulfilled or defaulted export obligations by availing advantages of schemes like advance authorisation and Export Promotion Capital Goods (EPCG); or having DRI (Directorate of Revenue Intelligence) circumstances in opposition to them, Saranagi stated.
Companies keen to import second-hand items or refurbished gadgets would additionally not be allowed to use for this authorisation as for these imports, the usual working process is totally different. Though an online system has been put in place, these IT {hardware} merchandise are nonetheless “under the restricted” class and “there is no change in that”, Sarangi stated.
Speaking on the media briefing, Secretary of the Ministry of Electronics and Information Technology S Krishnan stated that the brand new mechanism was launched after holding an in depth session with the business. The intention of the train is to advertise home manufacturing of digital items, he stated, including there is no such thing as a scarcity of those items within the nation and actually, extra manufacturing will assist in chopping down the costs.
Applications for a number of corporations have been authorized beneath the production-linked incentive (PLI) scheme for large-scale digital manufacturing.
Import authorisation will stay legitimate until THIS dateÂ
The import authorisation will stay legitimate until September 2024.
On the post-September 2024 eventualities, Krishnan stated the federal government will research the info, work together with the business, after which, resolve on methods to maneuver ahead. When requested whether or not the federal government will withdraw the August notification, the DGFT stated it is not going to be withdrawn, and a clarification has been issued to provide impact to the brand new online authorisation system for these imports.
Sarangi additionally clarified that importers wouldn’t be required to register with them to hunt authorisation.
(With inputs from PTI)
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