Business Standard

Monday, December 23, 2024 | 12:18 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Govt breather on IT imports: Festival cheer comes early for PC makers

Analysts say that the new registration mechanism would also mean that festival season sales would not take a hit

export, import, industry, corporate
Premium

Representative Image

Aryaman Gupta New Delhi

Listen to This Article

Original equipment manufacturers (OEMs) like HP, Dell, Lenovo and Apple heaved a sigh of relief on Tuesday after the government said it is considering a new registration mechanism for the import of personal computers, without quota and licensing requirements.

For the current financial year, the government would only monitor the source and value of devices as part of an import management system, officials said.

The quotas and other compliance requirements would come into play from the next financial year.

“Imports have been going smoothly for now, and it will continue to remain so if the new registration mechanism is put

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in