DGFT to consult IT hardware firms on new import system

News Snapshot:

The Director General of Foreign Trade (DGFT) will hold consultations with hardware makers in the coming weeks to secure their compliance with the new import management system set to take effect from 1 November, coinciding with the festive season that sees heightened demand for laptops, tablets and personal computers (PCs). The trade regulator has updated its online portal, which is already used for imports of semiconductor chips and steel, for placing import orders for laptops, tablets, PCs and servers, people aware of the developments said, requesting anonymity. The website was demonstrated to all IT hardware makers earlier this week, one...