Centre rolls back its plan to license laptop, PC imports
- The Government rolled out an ‘import management system’ for IT hardware, including laptops and computers, modifying its initial stance of imposing physical restrictions.
Highlights:
- The notification comes just days after concerns were raised by US, China, South Korea and Taiwan at a recent World Trade Organisation meeting.
- Under the proposed system,
- IT hardware companies will be required to register and disclose data related to their imports, and countries from which they import.
- This comes as a big relief to the industry which feared that the previous licensing notification would lead to a kind of quota system.
- The key idea behind the measure is to check imports of laptops and computers, especially since a majority of them come from China
- The Centre was planning to loosen its stance on import curbs, and was building the so-called import management system as a measure to monitor imports.
- The import of electronic goods increased to $6.96 billion from $4.73 billion in one year period
- China accounts for roughly 70-80 per cent of the share of India’s imports of personal computers, laptops.
Prelims Takeaway
- Ministry of Commerce
- PLI Scheme