Centre defers implementation order of restrictions on imports of laptops, computers till October 31

News Snapshot:

The Centre on Friday deferred the implementation of the import restriction order on laptops and computers (including tablet computers) by about three months till October 31, a move that gives more time to electronic companies to import these devices without a licence. These companies will now need to take a licence from the government to import these devices from November 1. On August 3, the government put the import of these devices under a licence regime with immediate effect. Subsequently, industry raised issues with the government on the notification. The Directorate General of Foreign Trade (DGFT), in an order issued...