Team Blitz India
NEW DELHI: The Government has cleared 110 of the total 111 applications, including those of Apple, Dell and Lenovo, that sought permission for imports of IT hardware products like laptops and computers worth nearly $10 billion, on the first day of implementation of the new system, an official said.
Other companies that received import approvals include HP India Sales Pvt Ltd, ASUS India, IBM India, Samsung India Electronics, Xiaomi Technology India, Cisco Commerce India, Microsoft Corporation (India), Siemens Ltd, Bosch Ltd, Redington Ltd, Ingram Micro India, and Oracle India, the official said.
India imported these goods worth $8.7 billion in 2022-23 against $10.3 billion in 2021-22 and $7.1 billion in 2020-21.
The DGFT (Directorate General of Foreign Trade) held detailed consultations with stakeholders on October 31, in which officials explained the process of following the new system for seeking authorisations smoothly.
After concerns were raised by the industry on imposing licensing regime on these imports, the government last month diluted the norms on these imports, allowing importers to bring in shipments of IT hardware from overseas on a mere ‘authorisation’ upon detailing quantity and value.
