Indian Government Tights the Noose on Import of Laptops and PCs

News Snapshot:

The Indian central government issued a notice imposing immediate restrictions on the import of laptops, tablets, all-in-one personal computers, ultra-small computers, and servers on Thursday. The sudden shift in import policy comes as an attempt to boost domestic manufacturing of these products under the newly revitalized production-linked incentive (PLI) scheme for IT hardware. Aiming at Domestic Production Boost The directive was issued by the Directorate General of Foreign Trade (DGFT), stating, “Import of Laptops, Tablets, All-in-one Personal Computers, and Ultra-small form factor Computers and Servers falling under Harmonised System of Nomenclature (HSN) 8741 shall be ‘Restricted’ and their import would...