Navigating the Evolving Landscape of IT Hardware Import Regulations in India: Analyzing the DGFT Circulars of October 2023 and January 2024

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Dated:- 16-1-2024
Circular No. Policy Circular No. 09/2023-24 - Dated: 12-1-2024 - Clarification regarding Import Policy Provisions for Laptops, Tablets, All-in-one Personal Computers and Ultra Small Form Factor Computers, Servers under HSN 8471 Introduction In recent months, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, Government of India, h .....

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..... everal important points: * Exemptions for SEZ and Other Units: Special Economic Zone (SEZ) units and others like EOUs/EHTP/STPI/BTP are exempted from obtaining a 'restricted import authorization' for the import of IT hardware, restricted as per Notification 23/2023 dated 03.08.2023. This exemption is allowed solely for the captive consumption of these units. * Freedom for Spare Par .....

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..... subject to the overall value of the import authorization remaining unchanged​​. Key Provisions of the January 2024 Circular The January 2024 circular, Policy Circular No. 09/2023-24, provides further clarification: * The circular specifies that the import of Laptops, Tablets, All-in-one Personal Computers, Ultra-small form factor Computers, and Servers falling under HSN 8471 is  .....

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..... ring. This approach could foster an ecosystem for IT hardware production within India, leading to potential job creation, skill development, and technological progress. For the trade and industry, these circulars necessitate a strategic re-evaluation of their supply chains and procurement strategies. Companies reliant on imported IT hardware will have to navigate the new import authorisation proc .....

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..... hey offer clarity and direction, they also pose challenges for businesses engaged in the import of these products. The long-term impact of these regulations will depend on how effectively they are implemented and how the domestic IT hardware industry responds to these new opportunities and challenges. As India continues to assert its position in the global technology market, such policy moves will .....

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