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Toys (Quality Control) Amendment Order, 2024 for Toy Manufacturers
We are excited to share that the Ministry of Commerce and Industry has announced the Toys (Quality Control) Amendment Order, 2024. Effective immediately upon its publication in the Official Gazette, this order introduces key provisions designed to enhance research and development within the toy industry. Stay informed about these significant updates that aim to strengthen the toys sector!
Key Highlights of the Amendment:
| S.no | Key points | Description |
|---|---|---|
| 1 | Research and Development Exemption | The new amendment allows manufacturers certified by the Bureau or those who have applied for certification to import up to 300 units (with a maximum of 5 units per type) of toys and related parts each financial year. This exemption is specifically intended for research and development purposes. |
| 2 | Commercial Sale Restrictions | It’s crucial to note that these imported goods are strictly for R&D purposes and cannot be sold commercially. Once the research is completed, the imported items must be disposed of as scrap. |
| 3 | Record-Keeping Requirements | Manufacturers taking advantage of this exemption are required to maintain comprehensive records of the imported items on a year-wise basis. Additionally, they must submit this information to the Department for Promotion of Industry & Internal Trade (DPIIT) along with a declaration affirming compliance with the amendment. |
Implications for Manufacturers
The Toys (Quality Control) Amendment Order, 2024 marks a pivotal advancement in promoting innovation within the toy industry. By relaxing import restrictions for research and development, manufacturers can now experiment with new designs and materials without the immediate need for commercial sales. This change is expected to improve the quality and safety of toys manufactured in India, aligning them with international standards. Additionally, the new record-keeping requirements promote accountability and transparency in the import process, which is essential for maintaining high quality control in the industry.
Conclusion
The Toys (Quality Control) Amendment Order, 2024 demonstrates the government’s dedication to fostering innovation and enhancing quality within the toys sector. We encourage all manufacturers to familiarize themselves with these new provisions and leverage the opportunities for growth and development. For more information or assistance regarding compliance with this amendment, please feel free to reach out. Stay tuned for additional updates on regulatory changes and industry developments!
