Tel: 0129-4001010 Phone: +91 730 321 5033
Email: cs@absoluteveritas.com
Date 19th October 2023
Place: New Delhi
Dear Reader,
We have crucial announcement concerning the Indian Standard for the Implementation of Import Management Systems for IT Hardware, impacting all current license holders, new applicants, manufacturers, importers, and product sellers.
The Ministry of Commerce & Industry, Department of Commerce, has issued a significant update regarding the Implementation of Import Management Systems for IT Hardware. This notification aligns with DGFT Notification No. 23/2023 and subsequent notifications, which imposed restrictions on specific IT hardware imports. Key clarifications include:
Special Economic Zone (SEZ) units and EOUs/EHTP/STPI/BTP are excluded from 'restricted import authorization' for limited IT hardware, meant solely for internal use.
There are no import restrictions on spares and components for IT hardware.
Specific IT hardware items used as Capital Goods are exempt from import licensing, such as laptops/tablets accompanying designated machinery.
Importers can request multiple authorizations valid until September 30, 2024. Adjustments in quantity are permissible, as long as the total value remains unchanged, and applications are processed online through the DGFT Website.
This communication is authorized to offer clarity and guidance regarding imports of IT hardware.
Implementation Authority : Directorate General of Foreign Trade
Directorate General of Foreign Trade
UdyogBhawan, H-Wing, Gate, No.2, Maulana Azad Rd, New Delhi, Delhi 110001
Implementation Dates: 30th December 2024
For any query on this Update, write us at cs@absoluteveritas.com
For more details visit: Absolute Veritas
Attachment: Standard Amendment Order issued by Bureau of Indian Standards
Disclaimer: The details shared in this update are for informational purposes exclusively. Readers are advised to seek formal legal counsel before taking any action based on the information provided here.
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