After chaos, firms get 3 months to get licence for laptop imports

News Snapshot:

IT TOOK 24 hours of chaos in the supply chains of some of the biggest hardware companies — their consignments stuck at customs, and a day-long queueing up at the office of the Directorate General of Foreign Trade (DGFT) for the government to take note and give companies another three months for obtaining a valid licence to import laptops, personal computers, tablets and other devices. On Thursday, the DGFT issued a notification that required companies to get a licence before importing computers and laptops. The move shocked the entire industry given its timing – right before the festive season, and...