India's government, led by Prime Minister Narendra Modi, has pursued a Make in India plan since 2014. What we see today with the new tech import restrictions likely falls under this signature policy.
Both businesses and consumers are worried about the impacts of these new restrictions. Some expect the new trading rules to delay product rollouts and price increases on desirable foreign-produced tech.
Specifically, the newly enacted policy states, "Import of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers and servers falling under HSN 8741 shall be ‘restricted,’ and their import would be allowed against a valid license for restricted imports." However, an unnamed source speaking to Reuters indicated that shipments already in progress will be allowed through customs without licenses until August 31.
There are some further details about the scope of the restrictions for consumers and businesses to take in. For example, individual consumers who are bringing in a single new device either through customs after international travel, or bought via a foreign-based e-commerce portal, are exempt from import licensing. However, they will have to make import duty payments.
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Both businesses and consumers are worried about the impacts of these new restrictions. Some expect the new trading rules to delay product rollouts and price increases on desirable foreign-produced tech.
Specifically, the newly enacted policy states, "Import of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers and servers falling under HSN 8741 shall be ‘restricted,’ and their import would be allowed against a valid license for restricted imports." However, an unnamed source speaking to Reuters indicated that shipments already in progress will be allowed through customs without licenses until August 31.
There are some further details about the scope of the restrictions for consumers and businesses to take in. For example, individual consumers who are bringing in a single new device either through customs after international travel, or bought via a foreign-based e-commerce portal, are exempt from import licensing. However, they will have to make import duty payments.
India Restricts PC, Laptop, and Server Imports
Restrictions affecting PC, components, laptop, server, and tablet imports came into place today.