TMI BlogToy ManufacturersX X X X Extracts X X X X X X X X Extracts X X X X ..... Toy Manufacturers - News and Press Release Dated:- 22-12-2021 - News - As per data available under Udyog Aadhaar Memorandum, there are 8366 registered MSMEs in India under the National Industrial Classification Code 2008 (NIC 2008) for toy manufacturing (codes number 32401, 32402, 32403, 32404,32405,32409). Data of proportion of imported toys in domestic market is not maintained. However, Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment has taken series of steps to promote domestic manufacturing of toys to ensure that no sub-standard, unsafe cheap toys are imported into India. Government has taken significant steps for promoting domestic toy industry in the country, including mandatory sample testing of each imported consignment of toys, enhancement of Basic Custom Duty on Toys from 20% to 60%, implementation of Toys (Qua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lity Control) Order with effect from 01.01.2021, etc. Import of toys into Indian market during the last three years has shown a decreasing trend. The details of imports during the period 2018-19 to 2020-21 are given below: Details of Import of Toys during 2018-19 to 2020-21 Values in US$ Million Financial Year HSN Code 9503 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HSN Code 9504 HSN Code 9505 Other toys, reduced-size models and similar recreational models, etc. percentage change over previous year Video Game Consoles and Machines, Articles for funfair, table or parlour games percentage change over previous year Festive, carnival or other enterta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inment articles, including conjuring tricks and novelty joke percentage change over previous year 2018-2019 304.08 50.03 14.58 2019-2020 279.25 -8.17 48.38 -3.30 16.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11.80 2020-2021 129.63 -53.58 38.12 -21.21 10.17 -37.61 Government provides all round support to protect the interests of domestic toy industry by promoting Made in India toys; Designing of toys based on Indian values, culture, and history; Using toys as a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... learning resource; and Promoting indigenous toy clusters. Under the Scheme of Funds for Re-generation of Traditional Industries (SFURTI) of the Ministry of Micro, Small Medium Enterprises assistance is provided for creation of common facilities centre with latest machines, design-centres, raw material bank, skill development etc. A total of 14 toy clusters across the country have been approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed under the scheme benefitting 8839 artisans with an outlay of ₹ 41.60 crore (approx). Office of Development Commissioner (Handicrafts), Ministry of Textile is also providing need based support to Toy Clusters in the area of technology, marketing, soft and hard interventions and infrastructural support for sustainable development of handicraft artisan has identified 13 toy clusters acros ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s the country for the overall development of cluster, artisans of handmade toys. This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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